IBM cuts year revenue forecast after stock plunges
Covered by 2 sources · 2 articles
2 outlets - including Cryptopolitan and Yahoo - are covering this story. IBM dropped its full-year revenue growth target on Wednesday to between 4% and 5% from a prior forecast of over 5%, after sales of its mainframe hardware fell 42% in the second quarter. The cut confirms to shareholders who had watched the s…
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IBM cuts year revenue forecast after stock plunges
IBM dropped its full-year revenue growth target on Wednesday to between 4% and 5% from a prior forecast of over 5%, after sales of its mainframe hardware fell 42% in the second quarter. The cut confirms to shareholders who had watched the s…
IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending