International Business Machines (IBM) might have delivered its best sales growth for a decade in its latest quarterly report, but macro elements put a dent in what amounted to a solid showing. For the second-quarter 2022, revenue rose by 9.3% year-over-year to reach $15.54 billion, in turn beating the Street’s call for $15.18 billion. There was a win on the bottom-line too, as adj. EPS of $2.31 edged out the $2.27 consensus estimate. Software revenue rose by 6% year-over-year to $6.17 billion while the consulting division generated revenue of $4.81 billion, amounting to a 10% uptick compared to the same period a year ago.
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International Business M... (NYSE:IBM)
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