Cloud, services fuel IBM's profit beat, robust outlook; shares jump

Cloud, services fuel IBM's profit beat, robust outlook; shares jump

5 years ago
Anonymous $Dftgs0JzgE

https://www.reuters.com/article/us-ibm-results/cloud-services-fuel-ibms-profit-beat-robust-outlook-shares-jump-idUSKCN1PG2M5

IBM Corp beat analysts' fourth-quarter earnings estimates and forecast full-year profit above expectations on Tuesday, as the company benefits from its focus on newer businesses such as cloud, software and services, sending its shares up about 7 percent.