IBM cuts year revenue forecast after stock plunges

AI Summary IBM dropped its full-year revenue growth target on Wednesday to between 4% and 5% from a prior forecast of over 5%, after sales of its mainframe hardware fell 42% in the second quarter. The cut confirms to shareholders who had watched the stock recover over the last few years that IBM’s most profitable legacy business... fulltext: 328 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/ibm-cuts-2026-forecast-mainframe-sales-drop/ Source: CryptoPolitan