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IBM cuts yearly revenue growth forecast as customers prioritize AI infrastructure spending
July 22 : IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers.The company also missed profit and revenue expectations for the secon
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thenextweb.com
IBM cuts full-year sales outlook after mainframe demand drops 42 percent in Q2
IBM lowered its revenue growth forecast to four to five percent from more than five percent after mainframe sales fell 42 percent in the second quarter
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cnbc.com
IBM lowers full-year forecast after earnings warning
IBM is now looking to improve productivity with artificial intelligence, including with a new coding tool called Bob.
