IBM’s net profit for the quarter ended June 30 was US$3.4 billion, or $2.61 per share, up from $3.1 billion in the same quarter last year. Revenue was $23.7 billion, up 2 percent year over year. IBM also raised its earnings outlook for the year to at least $11.25 per share. Contract signings in the quarter fell 12 percent to $12.3 billion, an indication that companies could be slowing down on new IT projects.”]
Source: https://www.csoonline.com/article/2125358/ibm-net-income-jumps-9-percent.html