Investors remain indifferent as IBM beats Wall Street expectations on earnings, marking the third straight quarter of growth after years of decline (IBM)

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Investors remained unmoved Wednesday after IBM reported a beat on earnings, marking its third quarter of growth after years of decline. 

IBM traded up around 0.2% immediately following its second quarter earnings, which beat Wall Street's expectations on both revenues and earnings per share. Though the stock saw gains just under 2% soon after.  

Here's what the company reported:

• Revenues (GAAP) for the quarter were $20 billion, up 4% from the year before. Analysts expected $19.88 billion.  
• Earnings per share for the quarter (adjusted) were $3.08. Analysts expected $3.04. 
• Cloud revenues for the quarter were $4.7 billion. Over the past 12 months, cloud revenues grew 23% to a toal of $18.5 billion. 
• Strategic imperatives revenues for the quarter were $10.1 billion. Over the past 12 months, strategic imperatives brought in $39 billion, up 15% from the year before. 

Analysts expect revenue (GAAP) for Q3 to hit $19.29 billion, and earnings per share (adjusted) for Q3 of $3.42. 

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