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Armonk, New York-based International Business Machines Corporation (IBM) is a global technology leader with a market cap of $270.6 billion. IBM delivers a broad portfolio of software, services, and hardware designed to drive digital transformation for businesses and is known for its cutting-edge work in artificial intelligence, cloud computing, and enterprise solutions. The company is scheduled to report its Q2 earnings after the market closes on Wednesday, July 23.
Ahead of the event, analysts predict IBM’s bottom line will improve 8.6% year over year to $2.64 per share. The company has consistently outpaced Wall Street’s EPS estimates in its last four quarterly reports.