IBM earnings top estimates, acquiring HashiCorp for $6.4B
by Yahoo Finance
Yahoo Finance— IBM (IBM) reported first quarter operating earnings of $1.68 compared to estimates of $1.59. Revenue of $14.46 billion was about in line with expectations of $14.25 billion. The tech giant also announced it was buying HashiCorp (HCP) for $35 per share, or about $6.4 billion, in a bid to boost its cloud-based offerings. Yahoo Finance's Julie Hyman and Josh Lipton break down the results. For more expert insight and the latest market action, click here to watch this full episode of Market...
TechCrunch—IBM moves deeper into hybrid cloud management with $6.4B HashiCorp acquisition. With HashiCorp, Big Blue gets a set of cloud lifecycle management and security tools, and a company that is growing considerably faster than any of IBM’s other businesses. © 2024 TechCrunch. All rights reserved. For personal use only.
CNBC—IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss. IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.
Tipranks—MMM Earnings: 3M Gains as Q1 Earnings Top Estimates - TipRanks.com. 3M (NYSE:MMM)gained in trading after its Q1 earnings topped estimates. The adhesives and safety equipment company reported Q1 adjusted earnings of $2.39 per s