00:00It's Benzinga, bringing Wall Street to Main Street.
00:02IBM reported second quarter adjusted earnings of $2.93 per share,
00:07beating estimates of $2.86, while revenue of $7 to $16 billion topped expectations of $16
00:13part $86 billion, according to Benzinga. Total revenue rose 1% year over year.
00:19Software revenue increased 5%, and consulting revenue gained 1%,
00:24while infrastructure revenue fell 7%. IBM generated $2.6 billion in operating cash flow
00:30and $2.5 billion in free cash flow. The company ended the quarter with $8.2 billion in cash,
00:38restricted cash, and marketable securities. IBM declared a quarterly dividend of $1.69 per share.
00:45The company expects 2026 revenue between $70.24 billion and $70.91 billion,
00:51compared with estimates of $70.85 billion. Shares were down by 0.35% at 205.06 in Thursday's
00:59pre-market trading, according to Benzinga Pro. For all things money, visit Benzinga.com.
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