IBM shows strongest revenue growth in three years
Summary
IBM shares rose as much as 4% in extended trading on Monday after the enterprise technology and services provider reported second-quarter earnings that came in stronger than analysts had expected. "The overall spend environment continues to improve," CEO Arvind Krishna said on a conference call with analysts. "Clients are accelerating their rate and pace of digital transformations using cloud and AI to gain operational insights, increase productivity and create new growth opportunities," Kavanaugh said. The company has been investing in building skills for competing cloud providers, such as Amazon Web Services and Microsoft Azure, he said. The company also announced 2-nanometer chip technology, as well as new artificial-intelligence features for its Watson Studio software for building models.
