• IBM revenue misses as server, software sales slow

    27 days ago - By Reuters

    IBM Corp reported a bigger-than-expected drop in revenue on Tuesday, hit by slowing software sales and wavering demand for mainframe servers, pointing to a bumpy recovery for the technology services giant that is in the midst of a turnaround.
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  • IBM misses revenue estimates as server, software sales slow

    27 days ago - By Reuters

    International Business Machines Corp missed Wall Street estimates for third-quarter revenue as software sales slow down and a boost from the launch of new server products begins to dry up, driving its shares down 4 percent on Tuesday.
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  • IBM sinks on revenue miss

    IBM sinks on revenue miss

    27 days ago - By Business Insider

    Wall Street was not happy with IBM on Tuesday after the tech company reported third quarter revenue that fell short of expectations.
    IBM's revenues for the quarter were down 2% from the same quarter last year. Analysts were expecting $19.1 billion but the company brought in just $18.8 billion.
    Here's what IBM reported:
    Revenues for the quarter were $18.8 billion, down 2% from the same time last year. This is compared to analyst expectations of $19.1 billion.
    Earnings per share for the quarter were $3.42. This is compared to analyst expectations of $3.40.
    Earnings per share guidance for...
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  • IBM sinks on revenue miss

    IBM sinks on revenue miss

    27 days ago - By Business Insider

    Wall Street was not happy with IBM on Tuesday after the tech company reported third quarter revenue that fell short of expectations.
    IBM's revenues for the quarter were down 2% from the same quarter last year. Analysts were expecting $19.1 billion but the company brought in just $18.8 billion.
    Here's what IBM reported:
    Revenues for the quarter were $18.8 billion, down 2% from the same time last year. This is compared to analyst expectations of $19.1 billion.
    Earnings per share for the quarter were $3.42. This is compared to analyst expectations of $3.40.
    Earnings per share guidance for...
    Read more ...

     

  • IBM misses revenue estimates as server sales slow

    27 days ago - By Reuters

    International Business Machines Corp missed Wall Street estimates for third-quarter revenue on Tuesday, weighed down by slowing demand for its mainframe servers.
    Read more ...