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International Business Machines Corporation (#IBM) posted Q2 earnings and were able to increase revenues, but failed to increase net income.
The tech company beat earnings by reporting Non-GAAP EPS of $2.33 (beats by $0.04) and revenue of $18.7B (+3.2% Y/Y).
IBM has had years of decreasing revenues, so this quarterly spike is a breath of fresh air for investors, but seems to be overshadowing the company's large amount of debt and dividend that continues to outpace total net income.
Is the company staging a comeback that's worthy to invest in, or will it continue its downward trend for years to come?