IBM falls over 13% pre-market, Q2 preliminary revenue misses expectations

Odaily IBM falls over 13% pre-market. The company's preliminary Q2 revenue missed expectations, with preliminary Q2 revenue at $17.2 billion, up 1% year-over-year, versus an estimate of $17.86 billion. Software revenue grew 5%, while infrastructure revenue declined 7%. Diluted earnings per share were $2.27, down 2% year-over-year; non-GAAP operating earnings per share were $2.93, up 5% year-over-year.