$19.3 billion

Second-quarter revenue for IBM, down 5 percent year over year and short of expectations of $19.46 billion. However, Big Blue beat expectations on profits, generating $2.97 per share, well ahead of the $2.74 predicted by analysts, according to Thomson Reuters. The strategic imperatives of cloud, analytics, mobile, social and security accounted for 43 percent of all revenue in the quarter that closed at the end of June, growing year over year by 7 percent.