IBM quarterly revenue beats on cloud strength, shares rise

By Chavi Mehta

FILE PHOTO: The logo for IBM is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo

(Reuters) -IBM reported second-quarter revenue on Monday that beat analysts' estimates, as a recovery in client spending powered strong growth in its cloud and consulting businesses.

The company's shares were up 2% at $140.73 in extended trading.

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