News

IBM Set to Report Second-Quarter Results

1 Mins read

International Business Machines (IBM) is scheduled to release its second-quarter results on Wednesday after the market closes. Here are the key details you need to know:

Revenue Projection

According to FactSet, IBM is expected to report $15.58 billion in revenue for the second quarter, a slight increase from the $15.54 billion reported in the same period last year.

Adjusted Earnings

Analysts predict that IBM will post adjusted earnings of $2.01 per share, down from $2.31 per share in the year-ago period.

Net Income

FactSet forecasts IBM’s net income to be $1.26 billion for the second quarter, compared to $1.39 billion in the prior-year period.

What to Watch For

  • Deal Details: Investors should watch for additional information from IBM regarding its planned acquisition of Apptio for $4.6 billion. In June, IBM confirmed its definitive agreement with Vista Equity Partners for the acquisition, as reported by The Wall Street Journal.

  • AI Focus: Artificial intelligence remains a focal point for IBM, and shareholders will be interested in learning more about the company’s strategy and new opportunities for expansion in this field.

  • Other Changes: Analysts will be looking for any signs of how IBM performed in certain areas, such as whether demand continued to slow in its consulting segment. In the last quarter, CEO Arvind Krishna acknowledged this trend but noted that clients were still prioritizing digital transformation projects.

Related posts
News

Funeral home owner accused of stashing decaying bodies expected to plead guilty in federal court

1 Mins read
DENVER – A funeral home owner in Colorado accused of storing nearly 190 decomposing bodies in a room-temperature building and defrauding the…
News

Has the Airbnb bubble burst?

2 Mins read
Only 4% of Americans are considering Airbnb for their next vacation according to a survey from forex giant Travelex. As part of…
News

Tinubu has changed narrative of NDDC, says Ogbuku, MD

21 Mins read
Managing director of the Niger Delta Development Commission (NDDC), Dr. Samuel Ogbuku, in this interview, spoke on the leadership reforms in the…

Leave a Reply

Your email address will not be published. Required fields are marked *