IBM quarterly revenue tops estimates [Reuters (UK)]
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Source: Reuters
IBM quarterly revenue tops estimates | Reuters Reuters Staff 1 Min Read (Reuters) - International Business Machines Corp ( IBM.N ) on Wednesday reported second-quarter revenue that beat analysts’ expectations as it benefited from growth in higher-margin businesses including cybersecurity and cloud computing. Net income rose to $2.4 billion, or $2.61 per share, in the quarter ended June 30 from $2.33 billion, or $2.48 per share, a year earlier. Revenue rose nearly 4 percent to $20 billion, beating analysts’ average estimate of $19.85 billion, according to Thomson Reuters I/B/E/S. (This version of the story corrects the estimates number in the third paragraph to $19.85 billion from $19.29 billion) Reporting by Pushkala Aripaka in Bengaluru; Editing by Anil D'Silva All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved.
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