On average, analysts forecast earnings of $2.2 per share for the June quarter, on an adjusted basis, compared to $2.18 per share in the prior-year quarter. Revenues are expected to remain almost unchanged at $15.62 billion.
In the first quarter, IBM reported revenues of $14.46 billion, compared to $14.25 billion in the same period last year. First-quarter adjusted earnings from continuing operations rose to $1.68 per share from $1.36 per share a year earlier.
On an unadjusted basis, the March-quarter net profit was $1.61 billion or $1.72 per share, compared to $927 million or $1.01 per share in the corresponding period last year.
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