Software Segment - Truenewj

IBM’s slower revenue growth raises concerns about AI and shares fall

amefika1 month ago02 mins

By Anhata Roprai April 22 (Reuters) – IBM’s revenue growth slowed in the first quarter due to sluggishness in its software business, stoking fears of disruptions from artificial intelligence tools and sending its shares down 6.5% after the close on Wednesday. Concern that AI will disrupt the software business has increased with the launch of…

IBM beats fourth-quarter revenue estimates as AI clamor boosts software demand

amefika4 months ago03 mins

Jan 28 (Reuters) – IBM beat Wall Street estimates on Wednesday for fourth-quarter revenue and profit, as rapid adoption of AI drives demand for its software services, which range from managing large amounts of data to automating IT processes. The company’s shares rose nearly 9% in extended trading. Companies have redoubled their efforts to update…