By Paul GillinSource:
SiliconANGLEA week after shocking investors with a disappointing preliminary earnings forecast that missed estimates, IBM Corp. today reported financial results that missed estimates on both revenue and profit. The company also lowered its full-year revenue forecast, blaming customers’ shifting their spending on mainframes and software to artificial intelligence infrastructure. However, executives insisted the changes are […]
The post IBM cuts outlook as software and mainframe weakness weighs on results appeared first on SiliconANGLE.
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source & further reading
machinebrief.com — original article
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