'Big Blue' IBM (IBM) - Get Report posted stronger-than-expected second-quarter earnings Monday as cloud revenue and operating margins improved.
The company reported earnings of $2.33 per share on revenue of $18.7 billion, exceeding estimates on both the top and bottom lines.
Jim Cramer told Action Alerts PLUS senior analyst Jeff Marks that the stock could be a buy following earnings, "if you have patience."
Cramer's optimism on the stock was driven by his faith in CEO Arvind Krishna, as well as growth in Red Hat and the company's "humongous" free cash flow.
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