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IBM Stock Slides on Disappointing Software Sales
Today's bear gap has IBM dropping to its lowest levels since mid-May, moving sharply away from its June 25 record high of $296.16. The 150-day moving average looks like it will move in as support for today's pullback, however. Year-to-date, the equity is up 16.5%.
AI mainframe sales help IBM beat Street’s earnings targets, but software miss upsets investors
IBM Corp. beat expectations on second-quarter earnings and revenue today, aided by strong sales of new mainframe hardware that’s capable of processing vast amounts of data for artificial intelligence workloads, but a miss on software revenue sent its stock plunging nearly 8% on Thursday.
IBM shares sank Thursday, as slightly weaker-than-expected software revenue growth is weighing on a second-quarter earnings ...
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IBM Q2 Deep Dive: Software Momentum and AI Adoption Offset Consulting CautionTechnology and consulting giant IBM (NYSE:IBM) reported in Q2 CY2025, with sales up 7.7% year on year to $16.98 billion. On the other hand, next quarter’s revenue guidance of $15.72 billion was less ...
The tech company’s investments in artificial intelligence are helping it stay agile as customers continue to shift their ...
IBM partners say the company's new channel chief faces challenges, ... IBM's software sales, meanwhile, were up 1 percent to $5.8 billion in the most recent quarter.
IBM's Q2 results actually beat Wall Street's expectations, but investors are seeing worrying signs in the report.
IBM ‘Call For Code’ 2020 is challenging applicants to create innovations based on open source technologies to help halt and reverse the impact of climate change.
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