IBM reported for the second quarter of 2017

IBM has published a report for the last quarter. The reporting period brought her an income of 19.3 billion dollars. This is 5% less than in the second quarter of last year. Operating profit for the year decreased 2%, to $ 2.8 billion. Net profit decreased by 7%, to 2.3 billion dollars.

The manufacturer notes that the strategic directions demonstrate revenue growth of 5% compared with the figure for the second quarter of 2016. While revenue in the segment of cloud computing, which refers to the strategic has increased by 15%. In monetary terms, sales in this segment reached 3.9 billion dollars.

During the quarter IBM was able to generate cash flow, estimated at $ 3.5 billion. To shareholders for this period was paid 1.4 billion dollars in the form of dividends. The same amount was spent on share buybacks. Quarter of the company ended with $ 12.3 billion cash and debt of 45.7 billion dollars.

Source: IBM



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