(Bloomberg) — International Business Machines Corp. dropped about 9% in extended trading after the company’s weak consulting unit sales disappointed investors, overshadowing its acquisition of software firm HashiCorp Inc. Most Read from Bloomberg 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 […]
IBM stock slipped late Wednesday after the computing giant reported first quarter earnings ahead of expectations, with sales slightly below estimates. The firm also announced a $6.4 billion acquisition of cloud-software company HashiCorp (HCP), a deal that was reported as nearly done a day earlier by the Wall Street Journal. X IBM (IBM) said that […]
By Arsheeya Bajwa (Reuters) -International Business Machines is nearing a deal to buy cloud software provider HashiCorp, according to a person familiar with the matter. Hashicorp’s stock surged 24%, giving it a market value of $6.1 billion, after the Wall Street Journal first reported the talks. Under CEO Arvind Krishna, IBM has focused on acquisitions […]