IBM (IBM) Tops Q2 EPS by 6c; Reaffirms Outlook

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Go back to IBM (IBM) Tops Q2 EPS by 6c; Reaffirms Outlook

IBM Reports 2016 Second-Quarter Earnings

July 18, 2016 4:09 PM EDT

Continued Strong Growth in Strategic Imperatives Led by IBM Cloud

Highlights

Diluted EPS: GAAP of $2.61; Operating (non-GAAP) of $2.95 Revenue from continuing operations of $20.2 billion Strategic imperatives revenue of $30.7 billion over the last 12 months represents 38 percent of IBM revenue

- Strategic imperatives revenue of $8.3 billion in the quarter, up 12 percent year to year Cloud revenue of $11.6 billion over the last 12 months

- Cloud as-a-service annual run rate of $6.7 billion in the quarter, up 50 percent year to year... More