IBM forecasts second-quarter revenue above estimates, soothing tariff worries

Quick Summary:

IBM said on Wednesday it expects second-quarter revenue above Wall Street estimates, betting on resilient demand for its software services amid economic uncertainty brought on by U.S.

Shares of the company were up 3.9 per cent after the bell.

Kavanaugh said that Washington's efforts to cut back on federal spending had led to stop-work orders or cancellation of roughly 15 contracts.

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Category: EconomyBusiness

Markets: SingaporeAustralia

Topics: Australia Revenue Quarter 2025 Company Federal Billion Cent Kavanaugh Second-quarter March

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 04:12:38 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 445 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 28177723

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 70 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 42 minutes ago

Coverage Areas: Singapore

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Publisher ID: #27

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