Pre-market trading sees IBM shares climb 6.3% following Q4 and 2019 forecast exceeding analysts’ estimates.
- Stronger than anticipated rebound for software after what was a less than ideal Q3.
- Morgan Stanley expects slower growth in Q1.
- Services transformation is working with total services revenue increasing by 2%.
- Estimates for this year’s earnings per share increased by Morgan Stanley because of better than expected revenue growth and operating leverage in organic software and services.