AP
IBM just released its Q2, 2016, earnings and reported:
Q2 EPS $2.95 vs. estimates of $2.89, so that’s a beat.
Revenues of $20.24 billion versus estimates $20.03 billion. That’s a beat, too.
Here’s the press release:
ARMONK, N.Y.–(BUSINESS WIRE
)– IBM (NYSE:IBM) today announced second-quarter 2016 earnings results.
“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 how to make a girl fall in love with me in school invest for growth with recent breakthroughs in quantum computing, Internet of Things and Blockchain solutions for the IBM Cloud.”
SECOND-QUARTER 2016
Gross Profit
Diluted EPS
Net Income
Margin
GAAP from Continuing Operations
$2.61
$2.5B
47.9%
Year/Year -27% -29% -2.0Pts
Operating (Non-GAAP)
$2.95
$2.8B
49.0%
Year/Year -23% -25% -1.9Pts
Strategic
REVENUE
Total IBM
Imperatives
Cloud
As reported (US$)
$20.2B
$8.3B
$3.4B
Year/Year -3% 12% 30%