IBM Second Quarter Earnings Report Makes News

picture of the first frame of a video recording on comments about IBM's second quarter 2020 earnings report

Still picture of the first frame of a video recording of comments by Ira Michael Blonder on IBM’s second quarter 2020 earnings report

IBM second quarter earnings report for 2020 makes news. Most analysts applaud an earnings beat and better than expected revenue. But some are skeptical a 30% jump in cloud business can be sustained. We think differently. A reported drop of more than 5% in revenue indicates a healthy taper in market need for onsite consulting services.

The drop in consulting revenue is also an indicator more large organizations in the private and public sector are developing software internally. This increase in home grown applications is good news for early stage software businesses with solutions for any web platform.

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