IBM gets boost from new businesses, tops estimates [Reuters (UK)]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
Check Earnings Report
US:NYSE Investor Relations:
ibm.com/investor
Company Research
Source: Reuters
IBM gets boost from new businesses, tops estimates | Reuters 2 Min Read (Reuters) - International Business Machines Corp ( IBM.N ) on Wednesday reported second-quarter profit and revenue that topped analysts’ expectations as it benefited from growth in higher-margin businesses including cybersecurity and cloud computing. Under Chief Executive Officer Ginni Rometty, IBM has been focusing on an array of new technologies ranging from artificial intelligence to cloud computing as it tries to offset weakness in its legacy business of selling hardware and software. The newer businesses, which are spread across its various divisions, have been bundled into what the company calls “strategic imperatives”. Revenue from these businesses grew 15 percent to $10.1 billion in the second quarter, accounting for more than half of the company’s total revenue. IBM Chief Financial Officer James Kavanaugh said the company’s investments to reposition itself have been paying off. “We accelerated our growt
Show less
Read more
Impact Snapshot
Event Time:
IBM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IBM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IBM alerts
High impacting International Business Machines Corporation news events
Weekly update
A roundup of the hottest topics
IBM
News
- Stock futures fall as Meta Platforms shares sell off after earnings: Live updates [CNBC]CNBC
- IBM Transforms the Storage Ownership Experience with IBM Storage AssurancePR Newswire
- The AI Summit London Announces Lord Holmes of Richmond MBE and NASA's Christyl Johnson Taking the Stage 12 - 13 June [Yahoo! Finance]Yahoo! Finance
- IBM falls as enterprise-spending constraints choke consulting demand [Reuters]Reuters
- Simplilearn Receives Stevie® Award for Customer Service Success, Adding to Six Previous Awards [Yahoo! Finance]Yahoo! Finance
IBM
Earnings
- 4/24/24 - Beat
IBM
Sec Filings
- 4/24/24 - Form 8-K
- 4/5/24 - Form DEFA14A
- 4/4/24 - Form 4
- IBM's page on the SEC website