IBM CEO Ginny Rometty
IBM (IBM) reports quarterly earnings after hours. Analysts expect revenue of $18.82 billion and EPS of $2.41. The revenue estimate implies 3% growth Y/Y. Investors should focus on the following key items:
Has Revenue Declines Subsided?
There used to be three certainties in life - death, taxes, and IBM's quarterly revenue decline. IBM had been in a continuous restructuring mode, making the transition from a focus on hardware to software and services. The narrative may have changed last quarter when the company reported 4% revenue growth Y/Y.
