IBM had a solid quarterly earnings report, each share profiting $5.81; $2.13 higher than previous earnings and $0.40 higher than estimated for the quarter. Despite these impressive figures, IBM has been heading downwards on the announcement that IBM will be using more of its resources to further cloud storage. While this may result in returns later down the line, for today it has already been responsible for a more than 3% reduction of IBM’s share values. Further expenditures have been made to restructure the IBM workplace and business model.
January 22, 2015 – Stock Market News
IBM had a solid quarterly earnings report, each share profiting $5.81; $2.13 higher than previous earnings and $0.40 higher than estimated for the quarter. Despite these impressive figures, IBM has been heading downwards on the announcement that IBM will be using more of its resources to further cloud storage. While this may result in returns later down the line, for today it has already been responsible for a more than 3% reduction of IBM’s share values. Further expenditures have been made to restructure the IBM workplace and business model.
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