After shocking quarter, IBM insists that AI isn’t killing the mainframe
After IBM's stock crashed last week on warnings of a poor mainframe sales, the CEO explained that AI wrecked corporate hardware budget, temporarily.
Quick take
Read original at TechCrunch IBM reported a disappointing quarter with revenue of $17.2 billion, missing Wall Street's expectations. CEO Arvind Krishna attributed the 42% drop in mainframe sales to customers prioritizing other hardware due to price increases, but insisted the decline is temporary.
Summarised by netranta from TechCrunch. Open the original for the full story.
Observations (0)
Log in to add an observation.
No observations yet — add the first.