International Business Machines Corp. Q2 Earnings: What You Need to Know
Cloud computing and mobile devices, two of IBM’s core markets nowadays. Image source: IBM. IBM (NYSE:IBM) reported second-quarter results after the closing bell on Monday, July 18. The numbers were close enough to management’s internal forecasts that there was no need to adjust full-year guidance targets. IBM’s Q2 results: The raw numbers Metric Q 2 2016 Actuals Q 2 2015 Actuals Growth (YOY) Revenue $20.2 billion $20.8 billion (2.9%) Net income from continuing operations $2.8 billion $3.8 billion (25%) Operating earnings per share $2.95 $3.84 (23%) Data source: IBM. What happened with IBM this quarter? The cyclical nature of big-iron systems sales cut into IBM’s revenue in the second quarter. The remaining business segments held steady, albeit with unstable gross margins in some cases. Sales in the cognitive solutions division…
Link to Full Article: International Business Machines Corp. Q2 Earnings: What You Need to Know
International Business Machines Corp. Q2 Earnings: What You Need to Know
