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IBM beats quarterly revenue estimates on software strength, AI demand

Summary by Channel News Asia
:IBM beat analysts' estimates for second-quarter revenue on Wednesday, riding on strong demand for its software and higher AI-linked spending by clients looking to tap the booming technology, sending its shares up 4 per cent in extended trading. The company has focused on expanding its Watsonx platform that a

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Channel News AsiaChannel News Asia

IBM beats quarterly revenue estimates on software strength, AI demand

:IBM beat analysts' estimates for second-quarter revenue on Wednesday, riding on strong demand for its software and higher AI-linked spending by clients looking to tap the booming technology, sending its shares up 4 per cent in extended trading. The company has focused on expanding its Watsonx platform that a

·Singapore
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Teradyne forecasts quarterly revenue below estimates on weak demand; shares fall

(Reuters) – Teradyne forecast third-quarter revenue below Wall Street estimates on Wednesday, signaling sluggish demand for its semiconductor-testing equipment and sending its shares down more than 7% in extended trading. Demand for the company’s products from certain markets such as the automobile sector has remained soft, as customers are grappling with excess inventory due to a long slump stemming from stockpiling during the pandemic. Ter…

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LVMH shares fall, miss second-quarter revenue estimates

LVMH shares fell 4.5 percent after the French giant's second-quarter revenue growth fell short of analysts' estimates. Over the past year, they are down 24 percent. The group, which owns luxury brands such as Dior, Bulgari and Tiffany & Co., said on Tuesday that its quarterly sales rose one percent year-on-year to 20.98 billion euros, falling short of expected sales of 21.6 billion euros. This article is for subscribers only.You have 70% left to…

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