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


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