Category: IBM Corp.

Many throats to choke: For better or worse, multiple clouds are here to stay

Many throats to choke: For better or worse, multiple clouds are here to stay

Many throats to choke: For better or worse, multiple clouds are here to stay 1
In information technology circles, it’s called “one throat to choke.” It’s a metaphor for chief information officers’ preference for concentrating most of their business with a single strategic supplier in each category of application and infrastructure. The approach has a lot of appeal to risk-averse IT organizations, including fewer points of failure, better customer service, […]

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Strong profit growth fails to cheer IBM investors as revenue slide drags on

Strong profit growth fails to cheer IBM investors as revenue slide drags on

Strong profit growth fails to cheer IBM investors as revenue slide drags on 2
IBM Corp.’s business continued to shrink in its fiscal second quarter, although its profit grew at a faster clip than analysts expected and the company reaffirmed its full-year earnings guidance. The news initially buoyed investors, but sentiment turned negative after the company’s earning call with analysts, sending shares down more than 1% after hours. Profit […]

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IBM beats on profits but misses on revenue, sending investors into a funk

IBM beats on profits but misses on revenue, sending investors into a funk

IBM beats on profits but misses on revenue, sending investors into a funk 4
IBM Corp. beat first-quarter net income estimates today but disappointed investors with a larger-than-expected decline in quarterly revenue, sending its stock down more than 3 percent in after-hours trading. The company blamed delayed decision-making in the Asia-Pacific region for the shortfall and continued to back away from talk of growth, focusing instead on profitability metrics. […]

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