IBM earnings beat dragged down by DOGE contract roulette

IBM Plays Down Trump Tariff Concerns: DOGE Could Affect Consulting Business, But Its 'US Federal Business Is Less Than 5%,' Says CEO - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), IBM (NYSE:IBM)

IBM has forecasted a "minimal" tariff impact on its business while acknowledging not being "immune" to the DOGE-related initiatives.

IBM affected by DOGE cuts, downplays impact during Q1 earnings call

IBM had 15 of its federal contracts cancelled in Q1 due to DOGE-related cuts, according to the company's CEO.

IBM earnings beat dragged down by DOGE contract roulette

: Big Blue downplays impact of Elon-gated cost-cutting

The Trump administration's decisions sometimes directly affect the heavyweights of American technology, not to mention tariffs here. IBM has seen 15 of its federal contracts cancelled in the first quarter of 2025 due to the budget cuts initiated by the Department of Government Efficiency ... Read more Like KultureGeek on Facebook, and follow us on Twitter Don't forget to download our free iAddict app for iPhone and iPad (link App Store) Read mor…

IBM dragged down by DOGE contract cancellation roulette

Big Blue downplays impact of Elon-gated cost-cutting IBM beat Wall Street's expectations for both revenue and income in the first quarter of 2025, but its stock price still dropped more than six percent in after-hours trading. . . .