IBM Reports Q2 Revenue Miss Amid Slowing Growth Across Segments
International Business Machines Corporation (NYSE: IBM) reported a significant revenue miss for its second quarter with $17.2 billion versus an expected $17.86 billion, and adjusted earnings per share of $2.93 below expectations. The company experienced declining performance across key segments including software growth slowing to 5%, flat consulting results, and infrastructure falling by 7%. Concerns are rising about weakening demand for IBM's services as AI spending benefits competitors more than the tech giant.
Tickers: $IBM
Topics: AI growth narrative earnings revenue miss segment performance