7/18, 10:10 PM (Source: TeleTrader)
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Chart for: International Business Machines Corp

IBM's revenue at $15.5 billion in Q2, up 9% YoY

International Business Machines Corporation announced on Monday that its revenue in the second quarter of fiscal 2022 stood at $15.5 billion, increasing 9% year over year and beating analysts' expectations.

Diluted earnings per share were $1.61 in the second trimester, 79% higher than in the same period in 2021, while gross profit and net income surged 6% and 81%, respectively to $8.3 billion and $1.5 billion.

"With our first half results, we continue to expect full-year revenue growth at the high end of our mid-single digit model," IBM Chairman and CEO Arvind Krishna noted. Company shares fell 0.42% in late trading after the release of the report.

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