IBM Earnings: Revenue Beats Expectation As Shift To Cloud Takes Center Stage

-7.33%
Downside
191
Market
177
Trefis
IBM: International Business Machines logo
IBM
International Business Machines

International Business Machine (NYSE:IBM) reported its Q2 2016 results on Monday, July 19th, and the results  were better than our expectations.  The company continued to report growth in strategic imperatives, which now contributes 38% to IBM’s revenues. The summary of results is as follows:

IBMQ22016

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for IBM