IBM CFO Says Expect Q3 Constant Currency Revenue Growth Consistent With The Full Year; Given Strengthening Of Dollar, Now Expect Currency To Be A 1.5 Point Headwind To Revenue Growth In Q3
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Why It Matters
IBM's money leader said the company should grow revenue at the same speed as planned for the whole year, but money from other countries will be worth less because the U.S. dollar got stronger. This means their real growth is good, but currency changes will make the numbers look a bit smaller than they actually are.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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