‘Cleanest Quarter in Years’ for IBM states Morgan Stanley

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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.