IBM Struggles with Disappointing Revenue and Slowing Growth

3 months ago

Lisa Matteo

"I also want to go down to IBM cuz their shares have really been taking a hit down more than 7%. Disappointing revenue was a key issue. There were two critical software categories, including their closely watched Red Hat unit, that investors consider vital for growth. The third quarter sales in their hybrid cloud unit increased by 14%, which was a slowdown from the previous period and came in below estimates, leaving investors not happy."

The speaker points to IBM's revenue disappointments and slowing growth in key software and cloud segments, particularly regarding the Red Hat unit, contributing to a bearish sentiment among investors.

Related Stocks