The Pieces Are Falling Into Place for IBM [The Motley Fool]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
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US:NYSE Investor Relations:
ibm.com/investor
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Source: The Motley Fool
Big Blue produced revenue and earnings growth in the second quarter, driven by the mainframe and the cloud. The turnaround story for International Business Machines ( NYSE:IBM ) hinges on the company's growth businesses becoming big enough to push both revenue and profits higher. The market has been hesitant to buy into this narrative -- shares of the century-old tech giant trade close to their 52-week low. That skepticism will be a little harder to maintain after IBM's second-quarter report. The company beat analyst estimates across the board, grew revenue adjusted for currency, and produced double-digit pre-tax income growth. IBM's strategic imperative growth businesses accelerated compared to the first quarter , and the cloud business continued to boom. The IBM Cloud logo. Image source: IBM. Growing revenue IBM's second-quarter revenue jumped 4% year over year to $20 billion, beating the average analyst estimate by $120 million. Backing out the impact of
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IBM
Earnings
- 4/24/24 - Beat
IBM
Sec Filings
- 4/25/24 - Form 8-K
- 4/24/24 - Form 8-K
- 4/5/24 - Form DEFA14A
- IBM's page on the SEC website