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: Earnings Insights 1Q25, Week 3: E-Commerce Sees Solid Results as Amazon, Coupang, Zalando and More Report Growth—InfographicUS Back to School 2025, Part 2: Where Consumers Will Shop—Opportunities with Higher-Income Shoppers, in Retail Media and on TikTokDisrupting Retail: Lessons from SHEIN and TEMU on Redefining Consumer Engagement and Supply Chain InnovationWeekly US Store Openings and Closures Tracker 2025, Week 31: Trader Joe’s Continues Store Expansion
