Tag Archives: IBM


IBM 3rd quarter revenue falls, shares down 3%

10 October, 2019 2:18 am 2:18 am

(Reuters) – International Business Machines (IBM) Corp missed analysts’ estimates for third-quarter revenue on Wednesday, overshadowing a profit beat and sending its shares down 3% in extended trading. The Armonk, New York-based technology services giant, which wrapped up the mega cloud merger with Linux maker Red Hat Inc earlier this year, has faced years of revenue … Read More

IBM to acquire software company Red Hat for $34 billion

10 October, 2018 9:19 am 9:19 am

NEW YORK (Reuters) – IBM Corp said it had agreed to acquire US software company Red Hat Inc  for $34 billion (26.5 billion pounds), including debt, as it seeks to diversify its technology hardware and consulting business into higher-margin products and services. The transaction is by far IBM’s biggest acquisition. It underscores IBM Chief Executive … Read More