What Wall Street will be looking for in IBM's earnings

What Wall Street will be looking for in IBM’s earnings

As the drumbeat around artificial intelligence grows louder in the tech world, Wall Street will watch for IBM’s progress with Watson in Monday’s earnings. The enterprise technology company is expected to report second fiscal quarter earnings Monday after the bell. Analysts expect IBM to report earnings of $2.89 per share on revenues of $20.03 billion, according to Thomson Reuters consensus estimates. The earnings come as Big Blue, founded in 1911, continues its transition from a legacy technology company to the cloud. The company’s data intelligence play, Watson, is branded as “cognitive,” or artificial intelligence plus, and aims to add value compared with its cloud competitors. IBM has continued to push Watson: As of last quarter, there was a 300 percent increase, year over year, of developers on the Watson platform.…


Link to Full Article: What Wall Street will be looking for in IBM’s earnings