Stay updated with breaking news from Ibm share prices. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
IBM can’t spin its way out of trouble Arvind Krishna, seen here at The Wall Street Journal: The Future Of Everything Festival in 2019, formally became chief executive officer of IBM in April.Premium 1 min read Dan Gallagher , The Wall Street Journal Disappointing results bring stock back to where it was before the company announced a spin-off meant to boost growth prospects Share Via IBM is learning fast that even ambitious weight-loss plans don’t always solve everything. The company more formally known as International Business Machines posted disappointing fourth-quarter results late Thursday. Revenue slipped across the company’s business lines, though the most painful miss came in Big Blue’s cloud and cognitive software segment, which saw revenue fall 4.5% year over year to $6.8 billion. That was well below the $7.3 billion Wall Street had been expecting for a key business unit that had been showing steady growth of late. The Dow compone ....