Company Earnings UpdateIBM (NYSE: IBM) 2Q19 Earnings: Beats Consensus, Revenues Down for Fourth Consecutive Quarter, Will Update Guidance August 2 Coresight Research July 17, 2019 Executive Summary IBM reported 2Q19 revenues of $19.16 billion, down 4.2% year over year and in line with the consensus estimate. Adjusted EPS was $3.17, up 3.0% from the year-ago quarter and beating consensus of $3.08. Revenues grew 3.2% year over year in the cloud and cognitive software segment, grew 0.5% in the global business services segment and declined in the global technology services, systems, global financing and other segments. IBM commented that it remained on track to meet its guidance for 2019 adjusted EPS of $13.90 through the second quarter and plans to update guidance for the Red Hat acquisition on August 2. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Analyst Corner: Big Tech’s AI Application and Computing-Power Arms Race, with Charlie PoonKering and L’Oréal Announce €4 Billion Strategic Partnership—Multibrand Luxury and Beauty Firms Playing To Their StrengthsHoliday 2025: Navigating Social Commerce—Top Strategies for Maximizing Engagement This Holiday SeasonWeekly US Consumer Sentiment, Flash Preview: The Big Surprise in a Week of Shocks—Infographic
