IBM’s slower revenue growth fans AI worries, shares fall
Business

IBM’s slower revenue growth fans AI worries, shares fall

Indian Express·3h ago·Neutral

What Happened

IBM's first-quarter revenue grew nine percent to $15.92 billion, slower than previous quarter's 12.2% growth, though surpassing analyst estimates. Software segment expansion slowed to 11.3% amid AI disruption fears. Shares fell 6.5% after-hours Wednesday. Infrastructure segment remained strong at 15.2% growth.

Key Entities

IBMFirst QuarterSoftware SegmentAI CompetitionWatsonxRed HatInfrastructure Segment

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