Business
IBM Reports Second-Quarter Earnings Shortfall
IBM shares dropped more than 17% after the company warned that its second-quarter earnings fell short of expectations, blaming the shortfall on a shift in client spending toward hardware purchases.
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CNBC
IBM shares drop more than 17% after company warns second-quarter earnings fell short of expectations
CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases.
2026-07-14 11:30 UTC