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Hi-Tech / Hardware

In the second quarter, IBM has continued a policy of "less iron more clouds"

3DNews - all the news of the site 18.07.2019 at 06:14

3DNews - all the news of the site

The company IBM has published the financial report for the second quarter of 2019 calendar year. In General, the situation is far from ideal, although some signs of stabilization there is a hint that by the end of the year, the company will fulfill the promise to keep earnings per share at $13,90 (according to the method non-GAAP, or excluding certain operations). In the second quarter, this figure amounted to $3.17 m, which is greater when compared with the previous quarter, when the yield on non-GAAP amounted to $2.25. It also means that revenue in the second quarter was higher than in the first and reached $19.2 billion, which is almost exactly $1 billion more than in the first quarter of the current year. In the annual comparison, however, IBM has reduced quarterly revenue by 4.2 % (1.6% in the correction of currencies). IBM net profit for the reporting period reached $2.5 billion, While quarterly revenue in annual comparison has fallen, quarterly net income for the year increased by 4 %. Profit growth the company is obliged expanding activities of IBM in the market of cloud services. So, for the last 12 months cloud revenue up 5 % (8% in the correction of currencies) to $19.5 billion Over the past year, IBM has taken several steps to intensify this process. In particular, IBM bought the company Red Hat for $34 billion, the acquisitions which closed earlier this month. About the prospects of work in a set of business Red Hat, IBM tells August 2, and while she says the opportunity to present to the world the "only true open hybrid multiblog platform in the industry."