IBM reported EPS of $2.93 on $17.1 billion in revenue versus $17.2 billion expected, while ServiceNow posted stronger-than-expected EPS and revenue.
IBM reported quarterly earnings per share of $2.93, matching estimates, while revenue came in at $17.1 billion, slightly below the $17.2 billion expected. ServiceNow posted a stronger set of results, with EPS of $0.9 versus estimates of $0.86 and revenue of $3.98 billion compared with expectations for $3.93 billion. The figures point to a mixed read across large-cap enterprise software and technology names, with IBM meeting profit expectations but falling just short on sales, while ServiceNow topped forecasts on both measures.