IBM breaks out on earnings Huge potential for IBM to the upside, has been in a 7 year correction and missed a bull market.
Red Hat acquisition is paying dividends and growth returns.
Stalled after-hours at .65 Fibonacci golden pocket, look to long above,
Earnings commentary
IBM says there is continued momentum in hybrid cloud Says significant actions in 2019 strengthened its foundation for chapter two. Says cloud revenue for the year was $21B. Says Red Hat continued strong performance. Says has good trajectory exiting the year. Says the company expects growth in revenue, operating EPS and free cash flow in FY20. Sees FY20 free cash flow of approximately $12.5B. Comments taken from Q4 earnings conference call. Sourse the fly.
