#ibm

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    IBM to Close China R&D Team Amid Rising Geopolitical Tensions

    IBM is set to shut down its hardware research and development team in China, a move attributed to escalating geopolitical tensions between the U.S. and China. This closure will impact fewer than 1,000 employees, with job functions being transferred to other countries, particularly India. The...
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    IBM (IBM) Q2 Earnings and Revenues Beat Estimates

    Earnings: IBM reported Q2 earnings of $2.43 per share, exceeding the Zacks Consensus Estimate of $2.16 per share. This is an increase from $2.18 per share in the same quarter last year and represents a 12.50% earnings surprise. Revenue: The company posted revenues of $15.77 billion for the...
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