IBM revenue rises
 

First time in 23 quarters

IBM's revenue rose for the first time in 23 quarters, beating Wall Street’ estimates and indicating that the company is back, thanks mostly to its cloud ambitions.

The company forecast stable margins and revenue for 2018, buoyed by growth in its newer businesses such as cloud computing and security services.

IBM forecast an operating profit of at least $13.80 per share for 2018, compared with $13.80 in 2017 and market expectations of $13.92. Wall Street would like to see something more positive from IBM given the figure improvements.

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