Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
$IBM falls as enterprise-spending constraints choke consulting demand 💵 Revenue: $14.46B vs $14.55B. expected https://t.co/jiipRAdwTf
IBM falls as enterprise-spending constraints choke consulting demand https://t.co/SK7jYBNjvk https://t.co/qc8tGXLGK6
Shares of IBM are plunging after the company posted another revenue miss. @KristinaParts reports on the bright spots in the earnings and Big Blue's $6.4 billion Hashicorp deal. $IBM $HCP https://t.co/30bKPWM6lO
IBM's Q1 earnings disappointed investors with a revenue of $14.46B, missing expectations of $14.55B. The company's consulting unit faced weak demand. IBM acquired software firm HashiCorp for $6.5 billion, aiming for growth despite the revenue miss.
