Category: Watson

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 1
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 […]

The post Strong profit growth fails to cheer IBM investors as revenue slide drags on appeared first on SiliconANGLE.