IBM shares plunged 26% to $228 after Q2 sales fell below estimates, with revenue at $17.2 billion. CEO Arvind Krishna noted that customers are limiting spending. The stock faces its largest intraday decline since the 1980s. Other software firms also experienced losses amid these results.
IBM shares plunged 26% to $228 after Q2 sales fell below estimates, with revenue at $17.2 billion. CEO Arvind Krishna noted that customers are limiting spending. The stock faces its largest intraday decline since the 1980s. Other software firms also experienced losses amid these results.
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