IBM reported higher-than-expected quarterly profit and raised its full-year outlook as its growing focus on higher-margin software and services businesses helped it cope with weak technology spending.
But investors dumped IBM shares -3.6% after the results, sending the stock lower in after-hours trading.
Google handily beat analysts' expectations for both profit and revenue on Thursday, sending its shares up in after-hours trading. Currenly up 2.9% in after hours trading