News | Latest Breaking News Stories & Headlines

IBM said 15 of its government contracts had been shelved due to cost-cutting initiatives by the Trump administration

IBM slides as US cuts, uncertain economy hit

Shares of International Business Machines fell nearly 7% in early US trade today after the company said some of its federal contracts were suspended, while an uncertain economy poses a further threat to its consulting business.

Business • 24 Apr

IBM's chief executive Ginni Rometty has led the company for more than seven years

IBM revenue misses on weakness in its biggest unit

International Business Machines (IBM) last night missed Wall Street estimates for quarterly revenue, as its global technology services unit was hit by weakness in some European markets.

Business • 17 Oct 19

IBM is relying on its cloud business in the face of slowing growth in its legacy businesses, including mainframes and storage systems.

Cloud growth fuels IBM quarterly profit beat

International Business Machines last night beat analysts' estimates for second-quarter profit, propped up by recurring growth in its high-margin cloud business.

Business • 18 Jul 19

Under Ginni Rometty's stewardship, IBM has shed many of its traditional hardware businesses

IBM quarterly revenue misses on weak computer business

International Business Machines last night reported a bigger-than-expected drop in first-quarter revenue, hurt by tapering demand for its mainframe computers and a stronger dollar.

Business • 17 Apr 19

Under CEO Ginni Rometty, IBM has been focusing on an array of new technologies

IBM gets boost from new businesses, tops estimates

International Business Machines last night reported second-quarter profit and revenue that topped analysts' expectations.

Business • 19 Jul 18

IBM first-quarter margins miss estimates, shares fall

International Business Machines posted profit margins that fell short of Wall Street expectations last night, a sign that its reinvention was taking time.

Business • 18 Apr 18

IBM returns to growth after six years

International Business Machines' revenue rose for the first time in 23 quarters, beating analysts' estimates, but the company warned that a higher tax rate this year would eat into its profit.

Business • 19 Jan 18

Revenue in IBM's mainframe business jumped 60% in the third quarter

IBM beats revenue estimates, hints at sales growth

International Business Machines' shift to newer businesses such as cloud and security services helped it beat analysts' quarterly revenue estimates.

Business • 18 Oct 17

IBM's revenue has now fallen for 20 quarters in a row

IBM posts first revenue miss in five quarters

International Business Machines last night reported a bigger-than-expected decline in revenue for the first time in five quarters due to weak demand in its IT services business.

Business • 19 Apr 17

International Business Machines