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Published 10 days ago

IBM falls as enterprise-spending constraints choke consulting demand

Summary by Channel News Asia

Shares of International Business Machines fell more than 8 per cent in premarket trading on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope with an uncertain economy and high interest rates.Weakness in smaller discretionary projects affected the consul

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Channel News Asia

IBM falls as enterprise-spending constraints choke consulting demand

Shares of International Business Machines fell more than 8 per cent in premarket trading on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope with an uncertain economy and high interest rates.Weakness in smaller discretionary projects affected the consul

10 days ago·Singapore

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