IBM (IBM) has witnessed a double-digit operating margin trend in the last five quarters. During this period, IBM maintained an average operating margin of nearly 17% each quarter. The company’s operating profit in the second quarter was $3.4 billion—up 11% YoY (year-over-year). The operating margin for the same quarter was 16.9%—compared to 15.9% in the first quarter of 2017. In the following graph, you can see IBM’s operating margin trend in the last five quarters.