IBM's Q2 earnings may be impacted by lower software revenues, but other factors are positive.

From Nasdaq: 2024-07-22 12:41:00

IBM is set to report Q2 2024 results, with the Software segment expected to see lower revenues due to hybrid platform weakness. However, innovations like Qiskit updates and watsonx.ai’s growth are positive factors. A recent agreement to acquire HashiCorp for $6.4 billion is aimed at boosting hybrid multi-cloud capabilities and innovation. Analysts predict a modest improvement in revenues and earnings for the quarter, with a likely earnings beat expected for IBM. Other companies with potential earnings beats include Corning Incorporated, Silicon Motion Technology Corporation, and Meta Platforms, Inc.



Read more at Nasdaq: Will Lower Software Revenues Impact IBM’s Q2 Earnings?