In Global Technology Services, revenue fell 5.5% while sales from Global Business Services dropped 2.6%. Systems, which includes hardware and operating systems software, saw sales decline 18%.

Sales from cloud and cognitive, which houses IBM’s software offerings and its biggest unit, declined 4.5% to $6.8 billion after two years of growth.

Shares of International Business Machines Corp. declined the most since April 2024 after the company reported weaker-than-expected sales in its closely watched software segment, disappointing ...

IBM reported a 3 percent decline in second-quarter revenue as hardware and service revenue fell and software sales were flat. But, IBM executives pointed to solid growth in net income, up 6 ...

IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in its software unit as clients shied away from longer-term deals due to pandemic-induced ...