IBM Reports Consulting Slump, Overshadowing HashiCorp Deal [BNN Bloomberg (Canada)]
HashiCorp, Inc. (HCP)
Last hashicorp, inc. earnings: 10/30 04:20 pm
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Source: BNN Bloomberg
It also announced the acquisition of software firm HashiCorp Inc. First-quarter sales gained 1% to $14.5 billion, the Armonk, New York-based company said Wednesday in a statement. IBM also reiterated its previous outlook of $12 billion in free cash flow for the fiscal year ending in December. Separately, IBM announced it has agreed to buy HashiCorp, which sells software that helps companies manage their cloud-computing operations, for an enterprise value of $6.4 billion. The acquisition is IBM's largest since buying software firm Red Hat in 2019 for $31.8 billion. The deal is another step on Chief Executive Officer Arvind Krishna's effort to turn the legacy tech company into one focused on high-growth software and services. Big Blue has made other acquisitions in this area, such as Apptio for $4.6 billion last year. IBM also has divested managed infrastructure, weather and health businesses. “HashiCorp has a proven track record of enabling clients to manage the complexity of t
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HCP
News
- HashiCorp, Inc. (NASDAQ: HCP) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- IBM raises its cloud automation game with $6.4bn HashiCorp buy [Yahoo! Finance]Yahoo! Finance
- HashiCorp, Inc. (NASDAQ: HCP) was downgraded by analysts at William Blair from an "outperform" rating to a "market perform" rating.MarketBeat
- BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: HashiCorp Inc. (Nasdaq - HCP), Heartland Financial, USA Inc. (Nasdaq - HTLF), Deciphera Pharmaceuticals, Inc. (Nasdaq - DCPH), Territorial Bancorp, Inc. (Nasdaq - TBNGlobeNewswire
- HASHICORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HashiCorp Inc. - HCPBusiness Wire
HCP
Earnings
- 3/5/24 - Beat
HCP
Sec Filings
- 5/3/24 - Form 144
- 5/2/24 - Form 144
- 5/2/24 - Form 144
- HCP's page on the SEC website