IBM Shares Climb On Strong Q2 Results: Here's The Details
Portfolio Pulse from Erica Kollmann
IBM reported strong Q2 financial results, beating analyst estimates on both earnings and revenue. The company saw growth in software and infrastructure revenue, and a slight decline in consulting revenue. IBM raised its full-year free cash flow outlook to more than $12 billion. Shares rose 2.17% after-hours.
July 24, 2024 | 8:39 pm
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IBM reported strong Q2 results, beating analyst estimates on both earnings and revenue. The company raised its full-year free cash flow outlook to more than $12 billion, leading to a 2.17% rise in shares after-hours.
IBM's strong Q2 performance, beating analyst estimates on earnings and revenue, and raising its full-year free cash flow outlook are positive indicators for the company's financial health. This has led to a 2.17% increase in share price after-hours.
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