International Business Machines (IBM) reported preliminary second-quarter revenue of $17.2B, missing analysts' estimates of $17.9B, sending the shares lower 24% premarket. CEO Arvind Krishna said, âIn the last few weeks of June, we saw clients shift their quarterly capex s
International Business Machines (IBM) reported preliminary second-quarter revenue of $17.2B, missing analysts’ estimates of $17.9B, sending the shares lower 24% premarket.
CEO Arvind Krishna said, âIn the last few weeks of June, we saw clients shift their quarterly capex spend toward servers, storage, and memory
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