Investors will look for new services contract signings as an indication of how the company will fare in coming months.
IBM's results in the previous quarter handily beat Wall Street's expectations. That, combined with a better-than-expected outlook, was a welcome sign of stability amid global economic turmoil.
Jefferies analyst Jason Kupferberg said he'll be "particularly interested" in IBM's commentary regarding the health of the discretionary technology spending environment given a disappointing outlook from outsourcing company Infosys Technologies on Thursday.
Analysts, on average, expect earnings of $2.65 per share on revenue of $24.81 billion, according to a poll by FactSet.
LAST YEAR'S QUARTER: IBM reported net income of $2.86 billion, or $2.31 per share. Excluding mostly acquisition-related charges, earnings were $2.41 per share. Revenue rose 8 percent to $24.6 billion.
Morningstar estimates a fair value of $182
Chart - STO and MAcd rolled over and RSI nuetral on the daily. 50 EMA support at 200.48