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Q2 sales and earnings beat expectations. IBM's second-quarter sales crept 2% higher year over year, landing at $15.8 billion. On the bottom line, adjusted earnings rose by 11% to $2.43 per diluted ...
October 8, 2020 – IBM announced it was spinning off the Managed Infrastructure Services unit of its Global Technology Services division into a new public company, an action expected to be completed by the end of 2021. [231] January 21, 2022 – IBM announced that it would sell Watson Health to the private equity firm Francisco Partners. [232]
IBM has gained 10.2% over the past three months outperforming the industry, which has declined 2.4%. The positive trend is expected to continue as IBM saw increasing earnings estimates for the yet ...
IBM beat earnings and revenue estimates in its second quarter 2022 results. However, the company warned of a $3.5 billion forex hit. IBM Tops Q2 Earnings, Warns of Forex Hit: ETFs in Focus
Products, services, and subsidiaries have been offered from International Business Machines (IBM) Corporation and its predecessor corporations since the 1890s. [1] This list comprises those offerings and is eclectic; it includes, for example, the AN/FSQ-7, which was not a product in the sense of offered for sale, but was a product in the sense of manufactured—produced by the labor of IBM.
The company's largest acquisition as of October 2023 is the purchase of Splunk —a software company that develops software for the analysis and monitoring of machine-generated data — US$ 28 billion. [3] Cisco's previous largest acquisition was tied between Cerent Corporation and Scientific Atlanta for $6.9 billion in 1999 and 2005 respectively.
July 24, 2024 at 11:30 PM. Logo of jester cap with thought bubble. Image source: The Motley Fool. International Business Machines (NYSE: IBM) Q2 2024 Earnings Call. Jul 24, 2024, 5:00 p.m. ET.
IBM earnings per share of $3.87 beat the $3.76 average of Wall Street estimates, and revenue of $17.4 billion topped the $17.29 billion forecast for the fourth quarter.
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