The top-line increase of 3.4%, IBM’s biggest gain in three years, comes as the company is undergoing extensive changes, including the planned spinoff of some of its legacy IT activities that remain a multibillion-dollar business.

Revenue in the second quarter rose to $18.75 billion driven by its cloud, software and services businesses. The company reported adjusted earnings of $2.33 a share. A consensus of analysts expected sales of $18.29 billion and adjusted earnings of $2.31 a share, according to FactSet.

Wall Street Journal