Reported 1 day ago
IBM saw its shares drop the most in 15 months after reporting second-quarter software sales of $7.39 billion, slightly below analysts’ expectations. While overall revenue increased to $17 billion, fueled by growth in infrastructure sales, concerns around the durability of software growth in the upcoming months weigh on investor sentiment. CEO Arvind Krishna's strategy, focusing on AI and consulting services, shows promise, though uncertainty remains about long-term growth.
Source: YAHOO