The following video is part of our "Motley Fool Conversations" series, in which senior technology analyst Eric Bleeker and Chief Technology Officer Jeremy Phillips discuss topics across the investing world.

IBM just finished up another outstanding quarter. However, Eric notes that investors who have gotten used to IBM's record-breaking quarters that arrive every four months like clockwork might be missing some of the positives that IBM revealed during its quarterly conference call. Notably, the company has now achieved gross margins of more than 50%, which put it well ahead of its IBM-light rival Hewlett-Packard and even outpaces consulting and services peers like Accenture.

Eric Bleeker owns shares of Cisco Systems. Jeremy Phillips has no positions in the stocks mentioned above. The Motley Fool owns shares of EMC and International Business Machines. Motley Fool newsletter services recommend Accenture Ltd.. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.