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INTERNATIONAL BUSINESS MACHINES CORPORATION

(IBM)
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IBM Posts Higher 2Q Revenue, Driven By Cloud, Software, Services

07/19/2021 | 04:40pm EDT

By Kimberly Chin

International Business Machines Corp.'s revenue increased in the latest quarter, boosted by its cloud, software and global services businesses as the company plans to split some of its operations this year to revive growth following a prolonged period of stagnation.

The company said second-quarter net profit was $1.33 billion, slightly lower from last year due to higher expenses. On a per-share basis, earnings were $1.47, down from $1.52 in the year-earlier quarter.

Total revenue rose 3.4% to $18.75 billion.

A consensus of analysts expected sales of $18.29 billion and earnings of $2.09 billion, according to FactSet.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

07-19-21 1639ET

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Analyst Recommendations on INTERNATIONAL BUSINESS MACHINES CORPORATION
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Financials (USD)
Sales 2021 75 218 M - -
Net income 2021 6 926 M - -
Net Debt 2021 46 531 M - -
P/E ratio 2021 17,8x
Yield 2021 4,82%
Capitalization 123 B 123 B -
EV / Sales 2021 2,26x
EV / Sales 2022 2,19x
Nbr of Employees 345 900
Free-Float 39,8%
Chart INTERNATIONAL BUSINESS MACHINES CORPORATION
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International Business Machines Corporation Technical Analysis Chart | IBM | US4592001014 | MarketScreener
Technical analysis trends INTERNATIONAL BUSINESS MACHINES CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 137,49 $
Average target price 149,14 $
Spread / Average Target 8,48%
EPS Revisions
Managers and Directors
Arvind Krishna Chairman & Chief Executive Officer
James J. Kavanaugh Chief Financial Officer & Senior VP-Operations
Juan Antonio Zufiria Senior VP-Global Technology Services
Kathryn W. Guarini Chief Information Officer
Michael L. Eskew Lead Independent Director
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