Categories AlphaGraphs, Earnings, Technology

IBM earnings: Q2 profit, revenues top expectations

Tech giant IBM Corp. (NYSE: IBM) on Monday said its second-quarter revenues and profit increased as demand conditions improved. The results also surpassed experts’ predictions.

IBM Q2 2021 earnings infographic

An improvement in the performance of the main business segments had a positive effect on the top-line and the company’s revenues increased 3% to $18.75 billion in the second quarter, which was slightly above the consensus forecast.

Consequently, adjusted earnings moved up to $2.33 per share in the June quarter from $2.18 per share in the same period of fiscal 2020, and topped the estimates. Net profit was $1.32 billion or $1.47 per share, down from last year’s income of $1.36 billion or $1.52 per share.


Read management/analysts’ comments on IBM’s Q2 2021 earnings


Shares of IBM closed Monday’s trading lower but gained momentum soon after the earnings report and rose about 2% in the extended session.

Prior Performance

  • IBM reports Q4 2020 earnings results
  • IBM Q2 earnings and revenues decline

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

Disney (DIS): A look at the major winning points for its streaming business

Shares of the Walt Disney Company (NYSE: DIS) have been rallying since the entertainment leader delivered strong results for its third quarter of 2022 a day ago. The stock was

KSS Stock: After terminating sale talks, what awaits Kohl’s this year

Kohl’s Corporation (NYSE: KSS) has been on investors' radar ever since the retailer put itself up for sale earlier this year, after coming under pressure from activist investors. Putting an

Walt Disney Company (DIS) Q3 revenues, earnings beat Street view

Entertainment behemoth The Walt Disney Company (NYSE: DIS) on Wednesday reported higher revenues and earnings for the third quarter of 2022. The results also topped expectations. Third-quarter revenues of the Los

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top