IBM Remains America's Worst Big Tech Company - 24/7 Wall St.

Mar 30, 2022 · Revenue was $123.9 billion and net income was $34.6 billion. IBM’s primary argument to Wall Street is that it has an attractive cloud business. IBM’s hybrid cloud revenue …

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IBM Remains America's Worst Big Tech Company - 24/7 Wall St.

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Mar 30, 2022 · Revenue was $123.9 billion and net income was $34.6 billion. IBM’s primary argument to Wall Street is that it has an attractive cloud business. IBM’s hybrid cloud revenue …

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IBM Remains America's Worst Big Tech Company - 24/7 Wall St.

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Jul 20, 2023 · 24/7 Wall St. Over the past year, IBM’s shares are up 4%, against the overall market’s 16% gain. Over five years, IBM’s shares are down 3%, while the broader market is …

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IBM Remains America's Worst Big Tech Company - 24/7 Wall St.

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Sep 18, 2020 · The Nasdaq has risen 21% over the same period. Amazon has surged 63%, Apple is up by 50% and Microsoft is 29% higher. IBM no longer has a place among the 50 …

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IBM Is America's Worst Big Tech Company - 24/7 Wall St.

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Jul 25, 2024 · Since it was once America’s premier tech public corporation, it gets a place on the list. In the most recently reported quarter , IBM’s revenue rose 2% year over year to $15.8 billion.

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IBM Proves Again It Is America's Worst Big Tech Company

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Jan 22, 2021 · International Business Machines Corp. (NYSE: IBM) announced a 6% plunge in revenue to $20.4 billion in the fourth quarter. That missed Wall Street expectations. Earnings …

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FAQs about IBM Remains America's Worst Big Tech Company - 24/7 Wall St. Coupon?

How did IBM & Microsoft perform in the fourth quarter?

International Business Machines Corp. ( NYSE: IBM) revenue rose only 4% year over year in the fourth quarter to a modest $17.4 billion. Net income rose from $2.9 billion in the year-ago period to $3.3 billion. In contrast, Microsoft Corp.'s ( NASDAQ: MSFT) projected revenue for the quarter about to be reported is $58 billion, up approximately 14%. ...

Is IBM a good stock to buy?

BofA analysts, who raised their target price on the stock to $200, said they liked IBM's "defensive portfolio, attractive dividend yield and underappreciated AI portfolio." In a note on Wednesday with the headline "Big Blue is Back," Evercore ISI analysts said roughly the same thing. ...

Why are big tech stocks falling?

The problem for Wall Street is that even if more stocks were to rise, they’ll need to do so by more than Big Tech stocks are falling because of how much influence that small group carries. Nvidia, for example, fell 6.8 percent. ...

Is IBM's shinier cash profile distracting investors?

Fourth-quarter profit for the company - which sells software, consulting services and network infrastructure - also topped expectations. The goodwill was not universal among analysts, and some said IBM's shinier cash profile was distracting investors from more modest results and overblown AI hopes. ...