IBM's mainframe bubble bursts and growth stalls
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The Register UK ☛ IBM's mainframe bubble bursts and growth stalls
In its last few quarterly results announcements, IBM has trumpeted unexpectedly strong growth in its mainframe business, and that's helped the technology titan to just-about deliver promised mid-single-digit revenue growth in constant currency. But in its Q3 results announcement on Wednesday, Big Blue revealed mainframe revenue fell 19 percent – and that overall growth came in at just one percent or two percent in constant currency.
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Yahoo News ☛ IBM stock is 'very depressed ' given growth potential and AI play
IBM (IBM) shares are under pressure after the company’s third quarter revenue fell short of analyst expectations. Argus Research director of research Jim Kelleher joins Julie Hyman and Josh Lipton to break down the results, where the company fits into the artificial intelligence play, and IBM stock’s valuation.
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CNBC ☛ IBM stock slips on disappointing consulting and infrastructure revenue
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.
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Barrons ☛ IBM Stock Falls on Mixed Results. The AI Bump Will Have to Wait.
IBM reported mixed quarterly results after markets closed on Wednesday. Its shares were falling in after-hours trading.