IBM Surpasses Q2 2018 Estimates and Retains Fiscal 2018 Outlook

IBM (IBM) reported fiscal Q2 2018 financial results on July 18. Its non-GAAP EPS (earnings per share) after adjustments came in at $3.08 per share, easily outperforming the Wall Street Journal estimate of $3.04 per share. Moreover, the EPS in the reported quarter also improved by 5% YoY (year-over-year). Higher adoption of cloud, Watson AI (Artificial Intelligence), analytics, blockchain, and security solutions across different industries continues to drive the company’s business. In after-market trading, IBM stock rose 3.1% to $148.99.