CNBC April 24, 2024
Key Points
– IBM’s first-quarter results beat expectations on the bottom line but fell short on revenue.
– The software, hardware and consulting company is acquiring cloud software maker HashiCorp for $35 per share in cash in a deal with an enterprise value of $6.4 billion.
– IBM committed to deploying artificial-intelligence assistants to its 160,000 consultants during the quarter.
IBM shares slipped as much as 6% in extended trading on Wednesday after the hardware, software and consulting provider said it would acquire cloud software maker HashiCorp and reported first-quarter revenue that was lower than analysts had predicted.
In a statement, IBM announced that it intends to pay $35 per share in cash for HashiCorp in a deal with a...
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