Net profit of IBM increased by 4,2% in Q2

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International Business Machines American corporation specialized in supplies of computer services reported about Q2 results. A net profit according to reports was $2,5 billions. The annual growth of the value was 4,2%. The profit excluding one-time factors was about 3,17 dollars compared to the experts’ forecast of 3,08 dollars. The revenues value of $19,16 bn decreased by 4,3% year-by-year but surpassed the experts’ forecasts. The revenues of technology services department declined to $6,84 billions from the 2018 value of $7,33 billions. In the same time the business of cloud computing and data analysis solutions revenues grew up to 5,65 bn dollars from 5,47 bn dollars. The company capitalization that manages the third biggest cloud service in the world was $127,3 billions added 26% since the year began.

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