IBM gets lift from software, AI demand as consulting slips

IBM gets lift from software, AI demand as consulting slips

IBM beat analysts’ estimates for second-quarter revenue and raised its annual growth forecast for its software business on Wednesday (Jul 24), riding on higher artificial intelligence (AI) linked spending by clients looking to adopt the technology. The company has focused on expanding its Watsonx platform that allows users to deploy chatbots or enhance code for…

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Europe: Shares end lower as earnings whirlwind disappoints

Europe: Shares end lower as earnings whirlwind disappoints

EUROPEAN shares closed lower on Wednesday (Jul 24), dampened by luxury stocks after dour results from LVMH weighed on the sector, while a raft of lacklustre corporate earnings in other parts of the market such as banks also added to the downbeat mood. The pan-European Stoxx 600 index closed 0.6 per cent lower, with technology…

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