IBM (IBM) Tops Q2 EPS by 6c; Reaffirms Outlook
IBM (NYSE: IBM) reported Q2 operating EPS of $2.95, versus the analyst estimate of $2.89. Revenue for the quarter came in at $20.2 billion versus the consensus estimate of $20.03 billion.
"IBM continues to establish itself as the leading cognitive solutions and cloud platform company. In doing so, IBM is pioneering new business opportunities beyond the traditional IT marketplace," said Ginni Rometty, IBM chairman, president and chief executive officer. "In the second quarter we delivered double-digit revenue growth in our strategic imperatives, driven by innovations in areas such as analytics, security, cloud video services and Watson Health, all powered by the IBM Cloud and differentiated by industry. And we continue to invest for growth with recent breakthroughs in quantum computing, Internet of Things and Blockchain solutions for the IBM Cloud."
The company reaffirmed FY16 operating EPS and free cash flow guidance.
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