Tag: $IBM

IBM shares moved 3% lower in extended trading on Wednesday after the hardware, software and consulting provider fell short of Wall Street’s revenue expectations for the third quarter.

International Business Machines Corp.’s stock surged more than 8% higher in Wednesday’s extended session after the technology giant topped profit expectations for the latest quarter and called out an uptick in artificial-intelligence demand.

Oct 25 (Reuters) – IT software and consultancy services provider IBM reported third-quarter revenue and profit above Wall Street targets on Wednesday, buoyed by stable demand for its software solutions.

IBM reported second-quarter earnings Wednesday that topped analysts’ estimates as the company expanded its gross margin. Revenue missed consensus estimates.

IBM is buying software company Apptio in a $4.6 billion all-cash deal. The company says the acquisition will advance IBM’s automation capabilities.