IBM Q2 earnings


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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 value of IBM’s hybrid cloud platform, based on open technologies, at a time of unprecedented business disruption," said Arvind Krishna, IBM CEO. “It’s likely that we see that the economic recovery is looking to be longer and more protracted than we might have hoped for back in March,” he added.