IBM’s year-over-year revenue didn’t decline in the last quarter

IBM’s year-over-year revenue didn’t decline in the last quarter


Here’s a surprise: after 22 quarters of consecutive year-over-year revenue declines, IBM today reported that its revenue increased from Q4 2016 to Q4 2017. The company reported revenue of $22.5 billion for the last quarter, up from $21.77 billion a year ago. Earnings per share came in at $5.18. Analysts expected revenue of about $22.06 billion and earnings per share of $5.17.

What’s the reason for this unexpected turnaround? IBM’s executives argue that the company’s turnaround plans are starting to make a dent in their bottom line. “Our strategic imperatives revenue again grew at a double-digit rate and now represents 46 percent of our total revenue, and we are pleased with our overall revenue growth in the quarter,” said Ginni Rometty, IBM chairman, president and chief…

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