Despite the ninth consecutive quarter of declining turnover, thanks to the ongoing restructuring IBM beats analyst forecasts. The IT giant recorded a 28% increase in profits between April and June, while revenues fell by 2,2%. However, the stock lost just under 2% in the after-hours yesterday: transformation efforts to keep pace with an increasingly cloud- and mobile-oriented IT sector were not enough to offset the performance of the server division . That of software and business services has not grown enough to satisfy the market.
The group's number one, Virginia Rometty, who on Wednesday signed a historic partnership with Apple to sell more iPhones and iPads to businesses and jointly develop more than 100 apps for professionals, but said the results demonstrate "further progress in our transformation ”.
In the three months ended June 30, IBM reported earnings of $4,14 billion, up from $3,23 billion in the same period last year. In the second quarter of 2013, however, restructuring costs of approximately one billion dollars weighed. In terms of earnings per share, the figure moved to $4,12 from $2,91. Net of extraordinary items, the result was $4,32, versus expectations for $4,29. Revenues dropped to 24,364 billion dollars, still better than the consensus, stuck at 24,13 billion.
