IBM is expected to see increased revenues from consulting segment in Q2, potentially driving growth.

From Nasdaq: 2024-07-22 13:40:00

IBM is set to report second-quarter results on Jul 24, with higher revenues expected from the consulting segment due to increased demand for technology consulting and business transformation services. The company partnered with the Government of Spain and Palo Alto Networks to enhance AI capabilities and security solutions, driving potential revenue growth.

Collaborations with Masters digital team and the acquisition of SKYARCH NETWORKS in Japan further strengthened IBM’s consulting segment in the second quarter. Analysts estimate Consulting revenues to grow to $5.32 billion from $5 billion in the previous year. Total revenues for the company are expected to reach $15.58 billion, with earnings per share forecasted at $2.16.

A positive Earnings ESP of +0.46% and Zacks Rank #3 indicate the potential for an earnings beat for IBM in the second quarter. Other companies like Corning Incorporated, Silicon Motion Technology Corporation, and Meta Platforms, Inc. also show promising signs of delivering strong earnings this season. Stay updated with the Zacks Earnings Calendar for upcoming announcements.



Read more at Nasdaq: Will Healthy Consulting Revenues Boost IBM’s Q2 Earnings?