IBM reports Q2 revenue flat YoY at $15.48B, vs. $15.58B est., net income up 14% YoY to $1.6B, software up 7% YoY to $6.6B, and consulting up 4% YoY to $5B (Kif Leswing/CNBC)

rosie — July 19, 2023 add comment

Kif Leswing / CNBC:

IBM reports Q2 revenue flat YoY at $15.48B, vs. $15.58B est., net income up 14% YoY to $1.6B, software up 7% YoY to $6.6B, and consulting up 4% YoY to $5B — – IBM reported better-than-expected earnings on Wednesday, expanding its gross margin. — Revenue missed consensus estimates.

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