IBM

IBM earnings release

IBM announced the results of its fiscal second quarter earlier today. The results were yet another disappointment, and in some ways this disappointment was worse than any previous earnings release. The problem for most is going to be the collapse of growth in strategic initiatives to just 7% in constant currency. Strategic initiatives are supposed…

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IBM Q3 Earnings

IBM reported its Q3 results earlier this afternoon. The results were a beat compared to guidance of about 2% on both reported and 2% on revenues. That said, both earnings and revenues continued to fall from year earlier levels. Further, the beat was mainly a product of an extraordinary level of custom programming that IBM…

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