IBM (IBM) Tops Q2 EPS by 4c
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IBM Reports 2021 Second-Quarter Results
July 19, 2021 4:08 PM EDTImproved Revenue Growth Led by Hybrid Cloud Platform Adoption, Consulting and Software
Highlights
Second Quarter:
Revenue of $18.7 billion, up 3 percent (flat adjusting for divested businesses and currency)-- Cloud & Cognitive Software up 6 percent (up 2 percent adjusting for currency)
-- Global Business Services up 12 percent (up 7 percent adjusting for currency) Net cash from operating activities of $17.7 billion and adjusted free cash flow of $11.0 billion, over last 12 months Total cloud revenue over last 12 months of $27.0 billion, up 15 percent... More
