IBM Consulting Grew Profit 15% on Nearly Flat Sales. Can That Continue?
International Business Machines Corporation (NYSE:IBM) produced a useful surprise inside its consulting business: second-quarter segment profit rose 15.1%, although revenue increased just 0.2%. Improving delivery economics can lift earnings, but repeated margin expansion becomes harder when sales barely move. The July 22 results and quarterly filing showed $647 million of consulting segment profit on $5.327 […]
What This Story Means
Claude is explaining the story in plain words…
Read the Full Story at the Source
The summary here comes from the news provider; the rest of the article lives on the publisher's site: Yahoo