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0.00127226463104331 0.00127226463104331 -0.00110262934690412 0.000848176420695456 0.000848176420695456 0.00703986429177267 0.0122137404580152 0.00542832909245123
Stock impact report

How the Coronavirus Pandemic Impacts IBM [The Motley Fool]

International Business Machines Corporation (IBM) 
Last international business machines corporation earnings: 4/20 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
Company Research Source: The Motley Fool
International Business Machines(NYSE:IBM. Muddled short-term resultsFirst-quarter revenue increased to $7.6 billion, up 0.% year over year, adjusted for divestitures and at constant currency. IBM's flattish top line hides a contrasted situation impacted by the coronavirus pandemic.Some customers changed their priorities to support the sudden increase incloud computingAnd consistent with the previous quarter, revenue from cloud increased by % year over year at constant currency, partly thanks to theRed Hat acquisitionHowever, as a consequence of customers adapting to the coronavirus outbreak, some of the company's businesses declined in a significant way. For instance, as some deals were paused, especially in the retail industry, revenue from IBM's transaction processing platforms segment decreased to $. billion, down % year over year. And management indicated during theearnings callImage source: Getty Images.. Management withdrew full-year guidance, but dividend seems safeLike many ot Show less Read more
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