Weakness in smaller discretionary projects affected the consulting segment, but analysts at J.P.Morgan said the backlog could help reaccelerate the business ...
- Shares of International Business Machines fell more than 8% in premarket trading on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope with an uncertain economy and high interest rates.
IBM's software business grew 5.5% in the quarter and the company announced a $6.4 billion deal to buy cloud software company HashiCorp, aiming to make the most of an AI-led boom in demand for the data storage capabilities of the cloud.It reported total revenue of $14.46 billion, lower than estimates of $14.55 billion, according to LSEG. Its consulting segment sales were flat.
"Focus now will be on how does IBM execute on revenue acceleration across both consulting and software segments."Toronto-Dominion Bank is one stock I reversed course on in a big way. The post TD Stock: Why I Reversed Course appeared first on The Motley Fool Canada. ARK has long counted Tesla as one of its top holdings, but its more than 40% decline year-to-date has weighed heavily on the performance. -- After years of fits and starts, Venezuela is setting the stage for one of the largest and most complex debt restructurings in decades — unwinding a $154 billion web of defaulted bonds, loans and legal judgments owed to creditors from Wall Street to Russia.
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