After the close Tuesday the company reported its Q4 numbers. Big Blue reported a 0.1% Y/Y revenue growth which broke a string of five consecutive Y/Y declines. I won't bore you with all the numbers but total cloud revenue was up 21% to $6.8 billion.
Also, Red Hat revenue was up 24% to $1.07 billion, reportedly normalized for historical comparability. For the Fiscal Year 2020 the company sees operating EPS of at least $13.35 which is higher than the consensus of $13.29. The stock is trading up about 4% in early activity Wednesday but was higher last night.
Let's see how this strength will tip the indicators.