IBM's second quarter earnings were better than expected, but the company took a hit on currency fluctuations that led to lower-than-expected sales.
The software, services and integrated hardware giant reported second quarter earnings of $3.9 billion, or $3.34 a share, on revenue of $25.8 billion, down 3 percent from a year ago. Currency shaved about $1 billion from IBM's revenue. Non-GAAP earnings were $3.51 a share.
Wall Street was expecting IBM to report second quarter earnings of $3.42 a share on revenue of $26.27 billion.
As for the outlook, IBM said it … Read more