IBM beat estimates for second-quarter profit and signalled that demand in its cloud computing organization would get a raise as massive corporations speed up their electronic change thanks to the coronavirus disaster.
The firm’s shares rose five % in just after-hours investing.
IBM has jettisoned some of its legacy organization to concentrate on the higher-margin cloud computing organization, an area that has viewed a whole lot of motion in the latest yrs as providers ramp up their electronic change to raise efficiency.
“The trend we see in the industry is obvious. Clients want to modernize applications, transfer far more workloads