IBM Q2 Adj. EPS $2.93 vs est. $2.97; Rev $17.16B vs est. $17.58B; GM 57.7%; Software $7.8B (+5%), Consulting $5.33B (flat), Infra $3.8B (-7%
IBM Q2 Adj. EPS $2.93 vs est. $2.97; Rev $17.16B vs est. $17.58B; GM 57.7%; Software $7.8B (+5%), Consulting $5.33B (flat), Infra $3.8B (-7%; mainframe -42%, Dist. Infra +37%); Red Hat +11%; FY const curr rev guide cut to 4%-5% (from >5%) vs est +4.79%; FY FCF +~$1B YoY maintained; div. $1.69/shr; prelim pre-announced July 14; shares +3.95%
IBM Q2 Adj.
EPS $2.93 vs est. $2.97; Rev $17.16B vs est. $17.58B; GM 57.7%; Software $7.8B (+5%), Consulting $5.33B (flat), Infra $3.8B (-7%; mainframe -42%, Dist.
Infra +37%); Red Hat +11%; FY const curr rev guide cut to 4%-5% (from >5%) vs est +4.79%; FY FCF +~$1B YoY maintained; div. $1.69/shr; prelim pre-announced July 14; shares +3.95%