IBM shares suffered a major historical drop this week after weaker-than-expected Q2 results. CEO Arvind Krishna told investors the outcome was worse than anticipated as big deals stalled and clients reprioritized spend. He admitted IBM lagged in adapting to market shifts. The firm still cited growth in software and consulting as positives.
IBM shares suffered a major historical drop this week after weaker-than-expected Q2 results. CEO Arvind Krishna told investors the outcome was worse than anticipated as big deals stalled and clients reprioritized spend. He admitted IBM lagged in adapting to market shifts. The firm still cited growth in software and consulting as positives.