"They have an 'everything in the kitchen sink' approach to cloud," Andrew Bartels, vice president and principal analyst at Forrester, told Business Insider. They toss everything that might be related to cloud into that bucket. There's a lot of ambiguity and probably misdirection which is in their cloud numbers."
"That was a little disappointing for investors," Anwar told Business Insider."They were expecting they will see some clear improvements but that's obviously not the case. They're still struggling to compete in this cloud computing segment in which Amazon and Microsoft had a great run." And there's still some positives, says UBS lead analyst John Roy. He expects cloud and cognitive services at IBM to grow, and the company will also benefit from getting rid of underperforming assets of the company that slow down the business.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow stock that's lost $34 billion in market cap in the last week could be a buy, says investorShares of health-care giant UnitedHealth have dropped considerably in the last week, but one market watcher advises betting on the dip.
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 »
IBM quarterly revenue misses on weak mainframe computer businessInternational Business Machines Corp reported a bigger-than-expected drop in fir...
Source: Reuters - 🏆 2. / 97 Read more »
Stocks This Week: Short IBM And MattelThe market is likely to correct this week so short sales are recommended.
Source: Forbes - 🏆 394. / 53 Read more »
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 »