Economy · Full coverage
IBM CEO Admits Failure as Shares Plunge Over 20% on Weak Q2 Forecast
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
First reported by Calcalist · 34 minutes ago
What happened
IBM's CEO Arvind Krishna admitted the company failed to meet expectations as Q2 earnings forecasts fell short, causing shares to plunge over 20%. The shortfall was driven by customers shifting spending from software to hardware amid supply concerns. Official results are due July 22.
- 01IBM shares fall over 20% after weak Q2 earnings forecast.
- 02Company projects $2.93 EPS and $17.2 billion revenue, below analyst estimates.
- 03CEO Krishna cites customer shift from software to hardware spending.
- 04Clients bought servers and memory to secure supply before price hikes.
- 05IBM admits slow adaptation and missed closing large deals on time.
- 06Official Q2 financial results expected on July 22.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
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