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(Bloomberg) -- International Business Machines Corp. beat analysts’ estimates for revenue in the second quarter, with cloud sales helping offset coronavirus-fueled declines in its consulting services business. The shares gained in late trading.The Armonk, New York-based company reported total cloud revenue increased 30% to $6.3 billion in the second quarter. That helped offset revenue declines in the tech support units Global Business Services and Global Technology Services, which account for about 56% of IBM’s total revenue. Overall, sales fell 5.4% to $18.1 billion, beating the $17.62 billion analysts had expected, according to data compiled by Bloomberg.Covid-19 has hit IBM’s services business hard since many of its clients have delayed purchases of information technology or software upgrades to focus on short-term stability and cash preservation to survive the pandemic. Other software makers have reported a similar dip in sales. But Chief Executive Officer Arvind Krishna said clients are seeing value in IBM’s...
In a new interview on Fox News, President Trump vows to approve new health care and immigration plans within 'the next four weeks.' Yahoo Finance's Rick Newman and Akiko Fujita discuss. ...
Roy Den Hollander was found dead two hours from the site of the New Jersey attackThe post Suspect In Slaying Of Federal Judge's Son Was An M7 MBA appeared first on Poets&Quants....
Roy Den Hollander was found dead two hours from the site of the New Jersey attackThe post Suspect In Slaying Of Federal Judge's Son Was Columbia MBA appeared first on Poets&Quants....
