In July, IBM reported second-quarter sales of $15.8 billion, up by 2.1% year-on-year, beating the analyst estimate of $15.6 billion. EPS of $2.43 topped the consensus estimate of $2.19. IBM stock ...

IBM details its upcoming Telum II mainframe chip as well as its Sprye AI accelerator card. Both chips will be available in new mainframe systems next year. IBM should see a revenue boost from ...

IBM's Q2 results exceeded expectations, driven by strong performance in software, consulting, and infrastructure, and a 24% increase in free cash flow. IBM's AI strategy, including the Watsonx ...

IBM Corp. is winding down its research and development group in China, multiple publications reported today. A source told Bloomberg that the move is set to affect fewer than 1,000 employees.

IBM's fair value is estimated to be around $145 per share using a dividend discount model with an 8.2% required rate of return. Despite improving business performance, IBM's stock appears ...

She previously worked at The Wall Street Journal and Bloomberg. David Ramos / Getty Images IBM (IBM) reportedly is closing its China research and development (R&D) department and moving those ...

IBM has announced it is shutting down its research and development operations in China, with hundreds of workers set to lose their jobs. The closure will impact more than 1,000 IBM workers across ...

IBM has announced the Telum II Processor with shared on-chip AI and, perhaps surprisingly, the Spyre Accelerator, delivered on a PCIe card and designed to accelerate AI models, including LLM ...

US computing giant IBM has reportedly shut down its research and development (R&D) operations in China, joining a slew of global Big Tech firms in trimming their mainland businesses amid ...

Hong Kong CNN — IBM is cutting more than 1,000 jobs in China, according to multiple state media reports, as geopolitical tension between Beijing and Washington prompts many global companies to ...

IBM ceased its R&D operations in China, leading to over 1,000 layoffs in cities like Beijing and Shanghai. The decision was part of a strategic adjustment to better serve clients across the ...

Chinese employees at US computing giant IBM, once considered a cradle of mainland engineers, have expressed dismay over a terse conference call with the company's American executives on Monday ...