Reported 2 days ago
IBM's Q2 earnings report revealed earnings per share of $2.80, surpassing expectations of $2.64, and revenues of $16.977 billion, exceeding the predicted $16.576 billion. Despite these positive results, IBM shares fell 5.68% in after-hours trading. The company reported strong growth in various sectors, especially in software and infrastructure, with CEO Arvind Krishna highlighting a growing generative AI segment worth over $7.5 billion. IBM also raised its full-year free cash flow outlook to over $13.5 billion.
Source: YAHOO