IBM's first quarter fell short of expectations as deals slipped into the second quarter. IBM's comments about a poor finish to the first quarter is becoming a common refrain among enterprise technology companies.
The company reported first-quarter earnings of $3 billion, or $2.70 a share, on revenue of $23.4 billion, down 5 percent from a year ago. Non-GAAP earnings for the first quarter were $3 a share.
IBM was expected to report first-quarter earnings of $3.05 a share on revenue of $24.6 billion.
CEO Ginni Rometty said that the company saw a strong start … Read more