Moments after the disappointing results from Google, IBM announced their Q2 results and their reported revenue increase beat out analyst expectations. IBM stock is up 0.5% in after-market trading as the company reported second-quarter earnings of $2.8 Billion, up 22% on the same time last year. Revenue rose 13% to $26.8 Billion. IBM have again upgraded their earnings forecast for the year to $8.75.

Sales in the Americas rose 8%, and they also grew strongly in other parts of the world. IBM is selling more services and earning more in a weak US economy, and the company has beaten the expectations of all on Wall Street.