“Many customers continued to delay tasks, defer purchases and favor opex in excess of capex spending in this environment”
IBM returned $one.five billion to shareholders in dividends in Q2 — even as its web revenue plunged forty six% calendar year-on-calendar year — escalating its dividend for a 20-fifth consecutive calendar year.
The selection came even as Major Blue declined to present direction for 2020 in its earnings — despite rivals like Accenture, Oracle, and SAP undertaking so — declaring there remained far too substantially volatility in the marketplace to accurately evaluate its outlook.
IBM is carrying $65 billion in credit card debt, with complete belongings on its equilibrium sheet for June 2020 of $154 billion. Net revenue for Q2 was $one.three billion.
“Many customers continued to delay tasks, defer purchases and favor opex in excess of capex spending in this environment” CEO Arvind Krishna observed.