International Business Machines Corp. posted earnings that disappointed investors as the company’s consulting unit continues to see weak demand. It also announced the acquisition of software firm HashiCorp Inc.
According to the Wall Street Journal, IBM (IBM) is reportedly in advanced stages of negotiations to acquire HashiCorp (HCP), a prominent cloud software provider. HashiCorp specializes in offering solutions that help companies manage their cloud infrastructure. Market Domination Co-Hosts Jared Blikre and Julie Hyman break down the details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
International Business Machines Corp. dropped about 9% in extended trading
International Business Machines Corp. dropped about 9% in extended trading
(Bloomberg) -- International Business Machines Corp. dropped about 9% in extended trading after the company’s weak consulting unit sales disappointed investors, overshadowing its acquisition of software firm HashiCorp Inc.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapBiden’s New Chopper Is Demoted After Scorching White House
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...
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Multiple earnings are to be released on Wednesday including: Meta (META), IBM (IBM) , ServiceNow (NOW), AT&T (T) , Boeing (BA), Chipotle (CMG), Ford (F), Hilton (HLT), and Hasbro (HAS) Economic data in the form of durable foods for March will be released on Wednesday. Current estimates are around 2.6% for March, double the number from February. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by...
Shares of San Francisco-based software company HashiCorp (HCP) spiked on Tuesday after The Wall Street Journal reported IBM (IBM) is nearing a deal to acquire the firm. Read for more.
It's no joke. Microsoft and IBM have joined forces to open-source the 1988 operating system MS-DOS 4.0 under the MIT License. Why? Well, why not?As Scott Hanselman, Microsoft's VP of the developer community, and Jeff Wilcox, head of Microsoft's Open Source Programs Office, recount in Microsoft's Open Source Blog, "a young English researcher named Connor 'Starfrost' Hyde corresponded recently with former Microsoft Chief Technical Officer Ray Ozzie" about the relationship between DOS 4,...
IBM separately announced it would buy HashiCorp, which sells software to manage cloud-computing operations, for $6.4 billion.
Revenue: Reported at $14.5 billion, a 1% increase year-over-year, meeting