International Business Machines (IBM) this afternoon reported Q3 revenue slightly below estimates, but beat EPS expectations and raised its fiscal year EPS view.
Q3 EPS of $3.28 beats by $0.06. Revenue of $26.2B (+8%) in-line. Raises full-year EPS outlook for the third quarter in a row, to at least $13.35 from previous $13.25.More on IBM's Q3 earnings: Global Technology Services earned $10.32B in revenue vs. year-ago $9.5B. Software revenues of $5.82B vs. $5.15B. Global Business Services $4.83B vs. $4.57B. Systems and Technology revenue $4.48B vs. $4.33B. Total operating gross margin of 46.8%, up from last year's 45.4%. Shares now -3.3%
Q3 EPS of $3.28 beats by $0.06. Revenue of $26.2B (+8%) in-line. Raises full-year EPS outlook for the third quarter in a row, to at least $13.35 from previous $13.25.More on IBM's Q3 earnings: Global Technology Services earned $10.32B in revenue vs. year-ago $9.5B. Software revenues of $5.82B vs. $5.15B. Global Business Services $4.83B vs. $4.57B. Systems and Technology revenue $4.48B vs. $4.33B. Total operating gross margin of 46.8%, up from last year's 45.4%. Shares now -3.3%
Some investors are focusing on what appears to be disappointing services revenue
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