IBM (IBM) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS
Monday, July 18, 2021 5:02 PM

IBM (IBM) announced its quarterly results on Monday. The company reported $3.09 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $3.02 by $0.07. The company’s quarterly revenue was up 12.4% on a year-over-year basis.

On a related note, analysts at Stifel Nicolaus reiterated a "buy" rating on shares of IBM in a research note to investors on Wednesday, July 13rd. Also, analysts at Wells Fargo & Co. (NYSE: WFC) downgraded shares of IBM from an "outperform" rating to a "market perform" rating in a research note to investors on Thursday, July 7th.

International Business Machines Corporation (IBM) is an information technology (IT) company. The Company operates under five segments: Global Technology Services segment (GTS); Global Business Services segment (GBS); Software segment; System and Technology segment, and Global Financing segment. In February 2010, the Company acquired Intelliden Inc. In March 2010, the Company completed the acquisition of National Interest Security Company, LLC. In April 2010, the Company acquired Cast Iron Systems, which delivers cloud integration software, appliances and services. In July 2010, it acquired BigFix, Inc. In August 2010, the Company acquired Datacap Inc. In October 2010, the Company acquired Unica Corporation. In October 2010, the Company acquired PSS Systems. In October 2010, the Company acquired OpenPages, a provider of software. In October 2010, the Company acquired Clarity Systems. In November 2010, the Company acquired BLADE Network Technologies.

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