Market Overview

IBM 2Q Results: Revenues Fall, Profits Gain

Related IBM
Rackspace Hosting, Inc. Kills Merger Plan, Stock Tumbles
Recent IT Infrastructure Upgrades May Affect FedEx Corporation's Bottom Line
What the Internet of Things Means to You (Fox Business)

IBM (NYSE: IBM) reported better than expect top and bottom line results in the second quarter.
The company earned 3 cents above what the street expected, recording $4.32 per share on revenues of $24.40B.  Gross Margins reached 49.1%.  

Segment revenues were reported as follows:

  • Business service revenue came in at $4.53B,
  • Softweare segment recorded $6.49B in revenue,
  • Systems and technology segment revenues were $3.33B,
  • Financing segment revenues were $504M,
  • Technology segment notched revenues of $9.41B.

Globally IBM reports:

  • American revenues of $10.6B,
  • EMEA revenues of $7.9B,
  • Asia-Pacific revenue fell to $5.3B.

Overall IBM has seen revenues fall while posting profits.

IBM shares traded down ~1.3 percent after hours on Thursday.

Posted-In: Earnings News After-Hours Center Tech


Related Articles (IBM)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters