IBM Posts Higher 2Q Revenue, Driven By Cloud, Software, Services
July 19 2021 - 4:49PM
Dow Jones News
By Kimberly Chin
International Business Machines Corp.'s revenue increased in the
latest quarter, boosted by its cloud, software and global services
businesses as the company plans to split some of its operations
this year to revive growth following a prolonged period of
stagnation.
The company said second-quarter net profit was $1.33 billion,
slightly lower from last year due to higher expenses. On a
per-share basis, earnings were $1.47, down from $1.52 in the
year-earlier quarter.
Total revenue rose 3.4% to $18.75 billion.
A consensus of analysts expected sales of $18.29 billion and
earnings of $2.09 billion, according to FactSet.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
July 19, 2021 16:39 ET (20:39 GMT)
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