IBM (NYSE: IBM) shares closed 6% higher on Thursday after the IT giant announced to spin off its IT infrastructure unit into a new publicly-traded firm. The new company will have 90,000 employees with a new name by the end of 2021.
The Tech giant IBM (NYSE: IBM) reported better than expected Q2 earnings on Monday. While the company revenue was down 5.4% compared to the same quarter last year. $IBM stock climbed 6% in after-hours trading.
EPS $2.18 vs $2.07 expected
Revenue $18.12B vs $17.72B expected
“Our clients see the...