⁍ The results come just weeks after Big Blue surprised investors with its announcement of splitting itself into two public companies.

---

⁍ IBM’s total revenue fell 2.6% to $17.56 billion in the reported quarter.

---

⁍ Revenue from the cloud business, previously headed by IBM’s new boss Arvind Krishna, rose 19% to $6 billion in the third quarter.

---

– IBM’s third-quarter revenue fell 2.6%, but that was enough to push the tech giant past Wall Street’s expectations. The company’s net income rose to $1.7 billion, or $1.89 per share, in the quarter ended Sept. 30 from $1.67 billion, or $1.87 per share, a year earlier. Excluding items, the company earned $2.58 per share, which was in line with analysts’ estimates. The company’s total revenue fell 3.1% to $17.56 billion, but was slightly above analysts’ estimates of $17.54 billion, according to IBES data from Refinitiv. Revenue from the cloud business, previously headed by IBM’s new boss Arvind Krishna, rose 19% to $6 billion in the third quarter. “We continue to see a very strong pattern in acceleration of our clients’ digital transformation,” Chief Financial Officer James Kavanaugh tells Reuters. “We are seeing that play out in our Red Hat business.”