IBM Q2 Soars, Sees Mounting IT Recovery

IBM had some promising news for IT buyers and vendors this year: Optimism! The company reported better-than-expected profits and revenues tempered only by currency fluctuations, and better still, raised its expectations for the year ahead.

That’s going to go over well among corporate IT — which is anxious about undertaking new projects with the economic recovery still far from a done deal — as well as other vendors and IT integrators, who are keen for any signs that the turnaround is, in fact, here to stay. Datamation has the story.

IBM (NYSE: IBM) topped analysts’ earnings estimates in its second quarter and raised its profit forecasts for the remainder of the year, a clear sign that Big Blue is certain that the economy is in the midst of a significant recovery.

After several quarters of tentative industry-wide growth, IBM’s report is good news for the IT sector as a whole, for which the company serves as one of its most closely watched bellwethers.

Read the full story at Datamation:

IBM Tops Profit Targets, Points to Signs of IT Recovery

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