IBM Revenue Drops But Cloud and Big Data Gain Momentum - Presented by: The Aol. On Network

IBM reported a jump in profits in the second quarter, thanks to a program of cost-cutting measures and investments in strategic growth initiatives to offset contraction in its core businesses. The IT company recorded adjusted earnings of $4.32 a share, up 34% from a year earlier and beating analysts' estimates of $4.29 a share. On the top line, revenue of $24.4 billion was down around 2%, though exceeded expectations by roughly $270 million.



Related Videos

Most Popular Videos

Latest Videos


Most Active by Volume

Company Last Sale Change Net / %
BAC $ 14.56 0.23 ▼ 1.56%
AKS $ 4.68 0.31 ▼ 6.21%
FCX $ 14 1.34 ▲ 10.58%
TVIX $ 3.83 0.21 ▲ 5.80%
F $ 13.56 0.53 ▼ 3.76%
AAPL $ 93.74 1.09 ▼ 1.15%
QQQ $ 105.72 0.56 ▼ 0.53%
VALE $ 5.67 0.05 ▲ 0.89%

As of 4/29/2016, 04:15 PM