5 Things to Know About IBM's Earnings Report
International Business Machines (NYSE: IBM) didn't disappoint when it announced its first-quarter results on Monday. The century-old tech giant returned to revenue growth and beat analyst estimates for both the top and bottom lines. Solid growth in cloud computing and a strong performance from the mainframe business helped the cause.
Here are five key things to know about IBM's results.
IBM offers a public cloud platform similar to market leaders Amazon Web Services and Microsoft Azure, but the company's main focus is on hybrid cloud computing. IBM is betting that its base of large customers will benefit from mixing on-premises hardware and public cloud services, instead of simply going all-in on public cloud.
Source Fool.com
