All articles tagged with #software growth
Originally Published 2 months ago — by Bloomberg.com
IBM plans to cut thousands of jobs this quarter as it shifts focus towards higher-growth software and services, particularly expanding its software division fueled by acquisitions like Red Hat and HashiCorp, while maintaining overall US employment levels.
Originally Published 2 months ago — by Bloomberg.com
IBM's Q3 revenue growth slowed in key software segments, including Red Hat, with a 14% increase in hybrid cloud sales below expectations, leading to a 5.5% drop in shares. Despite overall revenue rising 9.1% to $16.3 billion, concerns about organic software growth persist, though AI bookings and infrastructure sales show strong momentum.