IBM reports Q2 revenue of $18.75B, up 3% YoY, compared to estimates of $18.29B; revenue of Cloud & Cognitive Software unit, which includes Red Hat, is up 6% YoY (Jordan Novet/CNBC)
Jordan Novet / CNBC:
IBM reports Q2 revenue of $18.75B, up 3% YoY, compared to estimates of $18.29B; revenue of Cloud & Cognitive Software unit, which includes Red Hat, is up 6% YoY — - IBM surpassed expectations on the top and bottom lines. — The company spent $1.75 billion on acquisitions in the quarter.
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IBM reports Q2 revenue of $18.75B, up 3% YoY, compared to estimates of $18.29B; revenue of Cloud & Cognitive Software unit, which includes Red Hat, is up 6% YoY (Jordan Novet/CNBC)
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July 19, 2021
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