IBM reports Q2 revenue of $18.75B, up 3% YoY, compared to estimates of $18.29B; revenue of Cloud & Cognitive Software unit, which includes Red Hat, is up 6% YoY (Jordan Novet/CNBC) –

Jordan Novet / CNBC:
IBM reports Q2 revenue of $18.75B, up 3% YoY, compared to estimates of $18.29B; revenue of Cloud & Cognitive Software unit, which includes Red Hat, is up 6% YoY  —  – IBM surpassed expectations on the top and bottom lines.  — The company spent $1.75 billion on acquisitions in the quarter.

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