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IBM ( IBM) is down 7.6% today despite reporting some solid headline numbers. Revenue of $16.98 billion beat the $16.59 ...
IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in its software unit as clients shied away from longer-term deals due to pandemic-induced ...
In Global Technology Services, revenue fell 5.5% while sales from Global Business Services dropped 2.6%. Systems, which includes hardware and operating systems software, saw sales decline 18%.
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TipRanks on MSNIBM Stock Slumps: A Hidden Opportunity?International Business Machines (IBM) experienced a notable decline in its stock price, dropping by 8.78% over the past week. This downturn came despite a strong second-quarter earnings report that ...
IBM reported a 3 percent decline in second-quarter revenue as hardware and service revenue fell and software sales were flat. But, IBM executives pointed to solid growth in net income, up 6 ...
The S&P 500 and Nasdaq traded near all-time highs at midday as a strong earnings report from Alphabet lifted big tech stocks.
IBM stock slips as software sales slumped in March due to coronavirus First-quarter earnings beat, but outlook pulled on uncertainty Published: April 21, 2020 at 6:27 a.m. ET ...
Stock futures pointed mostly higher Thursday on optimism over trade deals and as investors parsed quarterly earnings reports ...
IBM's total revenue will likely decline this year, mostly because of a significant currency headwind, but also because of slumping mainframe sales. But next year will look a whole lot better. 10 ...
On an adjusted basis, however, segment revenues grew 30%, reflecting a long awaited sales of its new z-Systems mainframe offering (up 130%). See our full analysis on IBM. Software Revenues Decline.
Sales from cloud and cognitive, which houses IBM’s software offerings and its biggest unit, declined 4.5% to $6.8 billion after two years of growth.
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