US EditionIBM touts software segment gains as infrastructure revenue falls
8 Articles
8 Articles
21:14 The New York stock markets turn bright green. The food giant PepsiCo drops after a cut in the forecast. The technology player IBM is unable to benefit from an excellent quarterly report in itself.
IBM is still quite resistant to the climate of economic uncertainty. The group did not notice any change in customer behaviour declared its CEO Arvind Krishna on the occasion of the publication of the results of the first quarter. IBM also delivers results that exceed Wall Street's expectations in terms of turnover and [...] The post IBM: the software saves growth in the first quarter appeared first on ChannelNews.
The company reported a nearly 1% increase in sales compared to the same period last year to $14.5 billion, but the CEO warned of the implications of US policy on continued operations: "In the near term, uncertainty may cause customers to postpone their plans"; the stock fell 6.9% in late trading
IBM’s first-quarter results top market expectations
Cancellations and pauses by federal budget cuts amount to approximately $100m. International Business Machines Corp (IBM) reported first-quarter earnings that surpassed market expectations, offering a counter-narrative to prevailing anxieties surrounding economic volatility fueled by tariffs and federal budget cuts. The company’s reported sales increase of almost one per cent, reaching $14.5 billion, coupled with a profit of $1.60 per share, exc…
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