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IBM ( IBM) is down 7.6% today despite reporting some solid headline numbers. Revenue of $16.98 billion beat the $16.59 ...
Sales from cloud and cognitive, which houses IBM’s software offerings and its biggest unit, declined 4.5% to $6.8 billion after two years of growth.
The S&P 500 and Nasdaq traded near all-time highs at midday as a strong earnings report from Alphabet lifted big tech stocks.
In Global Technology Services, revenue fell 5.5% while sales from Global Business Services dropped 2.6%. Systems, which includes hardware and operating systems software, saw sales decline 18%.
IBM reported a 3 percent decline in second-quarter revenue as hardware and service revenue fell and software sales were flat. But, IBM executives pointed to solid growth in net income, up 6 ...
Stock futures pointed mostly higher Thursday on optimism over trade deals and as investors parsed quarterly earnings reports ...
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