Report on Mon. 7/19.
For Q2, the Avenue expects IBM to report adjusted EPS of $2.25 and revenues of $18.29 billion. In the meantime, the Earnings Whisper quantity, or the Avenue’s unofficial view on earnings, stands at $2.34 per share. The corporate is making progress to strengthen its stability sheet by paying down all of the debt taken to amass Purple Hat, and nonetheless keep a wholesome money stability. Within the first quarter CEO Arvind Krishna mentioned, ” “With about 3,000 hybrid cloud platform shoppers, we’ve now tripled the income base of OpenShift since we acquired Purple Hat.” That’s super, and the pattern, if continued within the upcoming quarter, ought to result in explosive cloud revenues.