IBM delivers Q2 revenue growth, IBM Z leads hardware gains -- ZDNet

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"Big Blue reported non-GAAP second quarter earnings of $3.08 a share on revenue of $20 billion. Wall Street was expecting IBM to deliver non-GAAP second quarter earnings of $3.04 a share on revenue of $19.85 billion. IBM delivered its second consecutive quarter of revenue growth following a solid first quarter.

The company said its cloud as-a-service revenue was at an annual run rate of $11.1 billion. IBM also showed revenue growth of 15 percent for its "strategic imperatives" revenue, which includes analytics, security, cloud and Watson.

Hardware, led by IBM Z systems, delivered the strongest revenue growth in the quarter."

IBM delivers Q2 revenue growth, IBM Z leads hardware gains --  ZDNet