[posting]58977048[/posting]16.10.
https://www.marketwatch.com/story/ibm-is-shrinking-again-and…
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...(IBM) shares fell in the extended session Tuesday after the tech giant topped Wall Street expectations for quarterly earnings but not for revenue, which declined again as it had done for years before 2018...
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Revenue declined to $18.76 billion from $19.15 billion in the year-ago period. Wall Street expected revenue of $19.1 billion from IBM, while Estimize expected revenue of $19.27 billion.
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Cognitive solutions, which includes Watson, was one of IBM’s poorest-performing segments in this earnings report. The unit’s revenue fell 6% to $4.1 billion from the year ago quarter, while analysts expected a revenue decline of 2% to $4.31 billion.
Technology services and cloud-platform — which includes IBM Cloud, formerly known as Bluemix — posted revenue flat from the year before at $8.3 billion, while analysts expected $8.43 billion.
Cloud revenue was good given the competition, but that’s turning into a commodity market, as opposed to AI and security, which command better margins, said Maribel Lopez, principal analyst at Lopez Research.
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Global business services revenue rose 1% to $4.1 billion from the year ago period, while Wall Street expected a decline 0.7% to $4.06 billion. Systems revenue rose 1% to $1.7 billion, while analysts had forecast $1.78 billion.
aus: https://www.estimize.com/ibm/fq3-2018?metric_name=revenue&ch…