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IBM SOFTWARE SLOWDOWN
IBM stock tumbles 25% as preliminary quarterly results fall below expectationsIBM shares tumbled sharply in premarket trade after the company flagged weaker-than-expected second-quarter results, missing both profit an...- US Stock Market: IBM shares slide after software weakness clouds Q1 resultsIBM shares fell in after-hours trading after its Q1 results signalled a slowdown in revenue growth, particularly in its software division. ...
- IBM's slowing cloud growth eclipses upbeat third-quarter resultsSlower growth in IBM's cloud segment, housed within its software unit, raised alarm bells across investors betting heavily on Big Blue's ab...
- IBM falls 9% as enterprise-spending constraints choke consulting demandShares of International Business Machines fell more than 9% on Thursday, as its consulting business faces pressure from enterprises tighten...
- IBM's quarterly revenue beats estimates on resilient software, strong mainframeIBM reported third-quarter revenue that slightly exceeded Wall Street expectations, driven by steady demand for its software solutions and ...
- IBM executives foresee robust growth in Indian tech marketSpeaking at the flagship IBM Think conference in Mumbai, on Tuesday, Paul Burton, general manager, IBM Asia Pacific, and Sandip Patel, mana...
- IBM India revenue touches $3.5 billion, but profit declinesIBM India, which is headed by company veteran Vanitha Narayanan, also forecast that it would continue to post healthy growth in the near te...
- Cloud platform raining cash on Amazon, Google and Microsoft as other tech firms struggleGoogle, Microsoft, and Amazon get added revenue as they become sellers of computing power to a growing number of other cos on hunt for low-...
- HCL, Ingram lead race to buy Sonata Software stakeSonata is a mid-sized software provider focused on offshore software services and domestic software products distribution and implementatio...
- IBM is India's second largest pvt sector employerThe fact that IBM has over one lakh people on its rolls in this country is one of India Inc's best-kept secrets.
- Outsourcing: Villain of the piece?Outsourcing does not seem to have hurt the real or perceived interests of US citizens and so there is no cause for special protection for j...
- IBM 3Q profit a positive sign for tech sectorShares of IBM Corp jumped on Thursday after the technology company's surprise announcement that it was still plenty prosperous in the third...
- Patni hands pink slips to 400 'non-performers'After TCS and IBM Global Services, Patni Computer Systems has laid off close to 400 employees citing non-performance issues. Making a comeb...
- HP-EDS deal unlikely to challenge our presence: IBMAnalysts feel the deal could pole vault HP to the second place in the global technology services industry after IBM, giving rise to steep c...
- Subprime hits where it hurts most - pay hikesIn the wake of the US subprime crisis, software major Oracle has pared annual salary hikes while IBM is cutting employee perks. BPO Brigade...
- Now, IT firms are open for transfer of assets & peopleIn the last one year, large Indian IT firms have announced five such deals that involve taking over some part of the client’s facilities or...
- 'Indian IT cos highly exposed to internal attacks'Indian companies are highly exposed to the "internal attacks" generated by the "insiders", a top IBM official said. Complete Pre-Budget cov...
- IT services likely to touch $10.7 bn by 2011: GartnerThe Indian IT services market is pegged to grow to $10.73 billion by 2011 at a five year compounded annual growth rate (CAGR) of 23.2% from...
- IBM to lay Lotus Foundation for SMEsIBM, the world’s No 2 software company, announced a slew of Lotus products - including plans for a radical plug-and-play offering for small...
- 'No indicators for a downturn in Global It spending'Market Researcher IDC on Friday sought to allay fears about an impending IT slowdown, saying there were no indicators that "we are headed f...
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