IT software and consultancy services provider IBM reported third-quarter revenue slightly above Wall Street targets on Wednesday, buoyed by stable demand for...
- IT software and consultancy services provider IBM reported third-quarter revenue slightly above Wall Street targets on Wednesday, buoyed by stable demand for its software solutions and a stronger-than-expected mainframe business.IBM, like its peers in the IT services industry, is operating in a tough macroeconomic environment that has triggered a further tightening of client budgets, with consulting being the most impacted.
Revenue at its software segment, which now includes newly acquired IT budgeting software maker Apptio, rose nearly 8%, excluding the impact from a strong dollar. Charlie Munger says investing has grown ‘much harder’ and even wealth managers now have almost zero chance of outperforming the S&P 500 — but you may still have a shot if you follow his rulesHigh interest rates are derailing the ambitions of climate regulators and automakers to accelerate the shift to electric vehicles, underscored Wednesday by the scrapping of a GM-Honda partnership and a warning from a battery maker.
'This makes me so mad': Kevin Hart, Mark Cuban regret passing on the chance to invest in this multibillion-dollar company in its early stages — here's why it haunts them to this day
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