While IBM didn't deliver a disastrous quarter with its second quarter earnings on Tuesday, the company's revenue miss and 21st quarter of decline is unlikely to change investor restlessness with its stock. With revenue down 5% year-to-year and 3% in constant currency, the quarter continues the tech giant's unhappy streak of declining growth. Cloud revenue was up 15% at $3.9 billion. With shares depressed about one-sixth for the year, Sacconaghi wrote: "The key question is whether investors should begin to build positions now? Even Sacconaghi, usually a somber watcher of IBM's fortunes, predicted a higher revenue figure for the company than IBM delivered.

Source: Forbes July 18, 2017 20:42 UTC