IBM quarterly revenue misses on weak mainframe computer business

- International Business Machines Corp reported a bigger-than-expected drop in first-quarter revenue on Tuesday, hurt by tapering demand for its mainframe computers and a stronger dollar, sending its shares down about 3 percent.

IBM’s cloud and cognitive segment, which includes analytics, cybersecurity and artificial intelligence, fell 1.5 percent to $5.04 billion in the quarter, but beat FactSet estimates of $4.18 billion. IBM returned to annual revenue growth in the last quarter of 2018, triggering expectations that its strategy was taking roots.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IBM set to report earnings after the bellAnalysts are expecting IBM's revenue to be down year over year for the third quarter in a row. SenateFloor HouseFloor TheJusticeDept FBI IBM promotes IBM Business Conduct Guidelines..IBM Policies/EEOC/New York Human Right etc..Violators since IBM Founded. Ginni Rometty is the Worst CEO. She IBM CEO became Sam Palmisani-Italian promoted Her per IBM Ex-Employees. Ding ding ding ding ding ding ding ding ding ding Okay, I just felt like doing it 😂
Source: CNBC - 🏆 12. / 72 Read more »

LIVE: here come IBM earningsIBM is shedding some businesses and swallowing RedHat in a $34 billion deal. Investors will have lots of questions when the comapny reports Q1 earnings.
Source: BusinessInsider - 🏆 729. / 51 Read more »