Company Earnings Update 3 minutesRegister for Free AccessIBM (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. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weinswig’s Weekly: Amazon Moves About $10 Billion Worth of Goods This Prime DayEnclosed Malls Draw More Shoppers Amid Festive Season: US Consumer Survey Insights 2023, Week 52The Future of Pricing: How AI Is Transforming Price Planning in RetailCostco Attracts Shoppers; The Travel Bug Spreads This Summer: US Consumer Survey Insights Extra