IBM's Q1 earnings disappointed investors with a revenue of $14.46B, missing expectations of $14.55B. The company's consulting unit faced weak demand. IBM acquired software firm HashiCorp for $6.5 billion, aiming for growth despite the revenue miss.
$IBM falls as enterprise-spending constraints choke consulting demand 💵 Revenue: $14.46B vs $14.55B. expected https://t.co/jiipRAdwTf
IBM falls as enterprise-spending constraints choke consulting demand https://t.co/SK7jYBNjvk https://t.co/qc8tGXLGK6
Shares of IBM are plunging after the company posted another revenue miss. @KristinaParts reports on the bright spots in the earnings and Big Blue's $6.4 billion Hashicorp deal. $IBM $HCP https://t.co/30bKPWM6lO
IBM misses on revenues but foresees rapid growth from HashiCorp purchase https://t.co/DGIImpW3eH
Shares of #IBM fell after confirming that they would acquire #HashiCorp & their Q1 revenue missed expectations. Evercore ISI’s Amit Daryanani shared his take on the new deal. @jonfortt $IBM $HCP #Earnings https://t.co/kvkB5j46kt
BREAKING: @IBM acquires @HashiCorp for $6.5 billion, reports mixed Q1 https://t.co/byOgHRVjQD Our @ldignan on the latest big #cloud acquisition by IBM. Includes my own analysis of the news. #multicloud #security @constellationr cc @rwang0 @ArvindKrishna @davidmcj
$IBM Reports Consulting Slump, Overshadowing HashiCorp Deal - BBG https://t.co/s2Ef7t7HnA
IBM reports Q1 revenue up 1% YoY to $14.46B, vs. $14.55B est., software revenue up 5.5% YoY to $5.9B, and net income of $1.6B, up from $927M YoY; IBM drops 5%+ (@jordannovet / CNBC) https://t.co/WbUX6HJBcn 📫 Subscribe: https://t.co/OyWeKSQRTe https://t.co/12SB04pVui
IBM $IBM announces mixed Q1 results, HashiCorp acquisition; shares down https://t.co/nfDPAMYEfx https://t.co/e3TfGPOpMz
IBM's earnings disappointed investors as the company’s consulting unit continues to see week demand. It also announced the acquisition of software firm HashiCorp https://t.co/TDNs1WF6Sn