IBM issued profit warning after weak second quarter, triggering selloff in software sector including Microsoft

“What played out was worse than our expectations,” CEO Arvind Krishna warned investors.

“What played out was worse than our expectations,” CEO Arvind Krishna warned investors.

Shares of IBM are sliding before the market open on Tuesday as the company provided preliminary second-quarter results that are below Wall Street’s expectations.

July 14 : IBM sparked a market rout on Tuesday after forecasting second-quarter revenue below estimates and signaling that businesses were favoring spending on data-center…

July 14 : IBM said it had "faltered" in keeping pace with a shift in corporate spending from software to data-center infrastructure and forecast second-quarter earnings below…

CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases.

IBM stock dropped nearly 20%, erasing $55 billion in market cap after an earnings miss driven by software and infrastructure weakness. What it means for

IBM stock tumbled after the company published its earnings ahead of schedule and acknowledged a "disappointing" quarter.

IBM shares plunged over 20% on Tuesday and the company led a massive market rout after forecasting second-quarter revenue below estimates and signaling...

Empresa de software enfrentou forte desvalorização após anunciar resultados do segundo trimestre

IBM struggled over the past three months as customers scrambled to get their hands on components that AI datacenters are gobbling up, its CEO said.

Software stocks were hammered after IBM pre-announced weaker-than-expected Q2 financial results. Shares in IT services firms also fell.

IBM warns AI infrastructure spending is hurting software budgets as revenue misses estimates, sending IBM shares and software stocks sharply lower.

IBM stock hits a rough patch: Q2 revenue misses estimates amid shifting enterprise spending. Here’s the impact on the tech market.

IBM shares plunged more than 23 per cent on Tuesday after the tech giant warned that customers were diverting spending

IBM stock price crash: IBM shares tumbled on Tuesday after the company indicated that its second-quarter revenue would likely fall short of Wall Street expectations. Based on…

The sector-wide rout was ignited by IBM releasing its preliminary second-quarter results ahead of schedule

IBM issued profit warning after weak second quarter, triggering selloff in software sector including Microsoft

La inquietud radica en las preocupaciones de que las inversiones de algunos clientes se están desviando hacia negocios como las memorias, lo que podría retrasar proyectos y…

By Hannah Pedone and Tomi Kilgore