NYSE - Delayed Quote USD

International Business Machines Corporation (IBM)

184.10

+1.91

(+1.05%)

At close: April 24 at 4:00 PM EDT

168.79

-15.31

(-8.32%)

After hours: April 24 at 7:59 PM EDT

IBM earnings top estimates, acquiring HashiCorp for $6.4B

IBM (IBM) reported first quarter operating earnings of $1.68 compared to estimates of $1.59. Revenue of $14.46 billion was about in line with expectations of $14.25 billion. The tech giant also announced it was buying HashiCorp (HCP) for $35 per share, or about $6.4 billion, in a bid to boost its cloud-based offerings.  Yahoo Finance's Julie Hyman and Josh Lipton break down the results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.

Yahoo Finance Video 9 hours ago

IBM
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HCP
Dow Jones Futures Fall As Meta Dives On Guidance; Chipotle Eyes Buy Point

The rally attempt paused Wednesday as Nvidia reversed lower. Meta, Chipotle and ServiceNow led key earnings late.

Investor's Business Daily 3 hours ago

META

^DJI

^GSPC
International Business Machines (IBM) Q1 2024 Earnings Call Transcript

IBM earnings call for the period ending March 31, 2024.

Motley Fool 5 hours ago

IBM
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Compared to Estimates, IBM (IBM) Q1 Earnings: A Look at Key Metrics

Although the revenue and EPS for IBM (IBM) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Zacks 6 hours ago

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IBM to Buy Hashicorp for $6.4 Billion

HashiCorp went public in late 2021 at an IPO price of $80, but lately it has traded as low as $21, amid heavy losses.

PREMIUM
The Information 7 hours ago

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HCP
IBM To Acquire HashiCorp For $6.4 Billion; Shares Fall As Company Reports Q1 Results

IBM stock slipped after the computing giant reported first quarter earnings ahead of expectations, with sales slightly below.

Investor's Business Daily 8 hours ago

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IBM Falls on Weak Consulting Sales, Overshadowing HashiCorp Deal

(Bloomberg) -- International Business Machines Corp. dropped about 9% in extended trading after the company’s weak consulting unit sales disappointed investors, overshadowing its acquisition of software firm HashiCorp Inc.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience After Meta’s AI Push Irks InvestorsTaylor Swift Is Proof That How We Critique Music Is BrokenMalaysia in Talks With Tycoons on Casino to Revive $100 Bil

Bloomberg 8 hours ago

IBM
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HCP
IBM's Q1 Earnings: A Close Alignment with Analyst Projections Amid Strategic Moves

International Business Machines Corp Reports Steady Growth and Strategic Acquisitions

GuruFocus.com 8 hours ago

IBM
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HCP
IBM (IBM) Q1 Earnings Top Estimates

IBM (IBM) delivered earnings and revenue surprises of 5.66% and 0.75%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Zacks 8 hours ago

IBM
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IBM Acquires Software Maker HashiCorp in $6.4 Billion Deal

(Bloomberg) -- International Business Machines Corp. said it has agreed to buy HashiCorp Inc. in a transaction valuing the software company at $6.4 billion on an enterprise basis.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience After Meta’s AI Push Irks InvestorsTaylor Swift Is Proof That How We Critique Music Is BrokenMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityTech Giants Hit in Late Hou

Bloomberg 9 hours ago

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HCP
IBM to buy HashiCorp in $6.4 billion deal to expand in cloud

(Reuters) -International Business Machines will buy HashiCorp in a deal valued at $6.4 billion, the company said on Wednesday, expanding its cloud-based software products to tap into an AI-powered boom in demand. IBM will pay $35 per share for HashiCorp, a 42.6% premium to Monday's closing price. HashiCorp's shares had surged on Tuesday following media reports of the deal talks.

Reuters 9 hours ago

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IBM to Buy HashiCorp in $6.4 Billion Deal

IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp’s roster of some 4,400 clients.

The Wall Street Journal 9 hours ago

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IBM Is Buying HashiCorp For $6.4 Billion. Earnings Top Estimates Amid AI Strength.

IBM has agreed to buy the cloud-software company HashiCorp for $35 a share in cash, or about $6.4 billion, the company said Wednesday. Earlier this week, The Wall Street Journal had reported that IBM and HashiCorp were close to a deal, but had not reported a price for the transaction. IBM said the deal should be accretive to adjusted Ebitda, or earnings before interest, taxes, depreciation, and amortization, within the first full year after completion, and to free cash flow in year two.

Barrons.com 9 hours ago

IBM
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IBM to buy HashiCorp in $6.4 billion deal to expand cloud software

International Business Machines will buy HashiCorp in a deal valued at $6.4 billion, the company said on Wednesday, expanding its cloud-based software products to tap into an AI-powered boom in demand. Software has been a bright spot for IBM as its consulting business grapples with more cautious spending by enterprises navigating higher interest rates. IBM will pay $35 per share for HashiCorp, a 42.6% premium to Monday's closing price.

Reuters 9 hours ago

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IBM RELEASES FIRST-QUARTER RESULTS

IBM (NYSE: IBM) today announced first-quarter 2024 earnings results.

PR Newswire 9 hours ago

IBM
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IBM to Acquire HashiCorp, Inc. Creating a Comprehensive End-to-End Hybrid Cloud Platform

IBM (NYSE: IBM) and HashiCorp Inc. (NASDAQ: HCP), a leading multi-cloud infrastructure automation company, today announced they have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. HashiCorp's suite of products provides enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to enable organizations to automate their hybrid and multi-cloud e

PR Newswire 9 hours ago

HCP

IBM
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IBM Reportedly in Advanced Discussions to Acquire HashiCorp

IBM is in advance talks to acquire cloud service provider HashiCorp. The potential buyout will boost IBM's hybrid cloud portfolio.

Zacks 13 hours ago

IBM
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HCP

ANET
AI Holds the Key to Resilient Cities

By Justina Nixon-Saintil NORTHAMPTON, MA / ACCESSWIRE / April 24, 2024 / IBM Originally published by Project Syndicate The cities that some 4.4 billion people call home are increasingly at risk of catastrophic climate-driven events. Rising sea levels ...

ACCESSWIRE 15 hours ago

IBM
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Cisco Systems joins Microsoft, IBM in Vatican pledge to ensure ethical use and development of AI

Tech giant Cisco Systems on Wednesday joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically and to benefit the common good. Cisco Systems chief executive Chuck Robbins signed the document, known as the Rome Call, and met privately with Pope Francis, the Vatican said. The document was unveiled and signed at a Vatican conference on Feb. 28, 2020 — just before Italy locked down as a result of the COVID-19 pandemic — by Microsoft’s Brad Smith and IBM’s John Kelly III. Universities, U.N. agencies, private corporations and nongovernmental organizations have signed on as well.

Associated Press Finance 18 hours ago

CSCO
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MSFT
+0.37%
IBM
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We Think Some Shareholders May Hesitate To Increase International Business Machines Corporation's (NYSE:IBM) CEO Compensation

Key Insights International Business Machines to hold its Annual General Meeting on 30th of April CEO Arvind Krishna's...

Simply Wall St. 19 hours ago

IBM
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Performance Overview

Return	IBM	S&P 500
YTD	+13.59%	+6.33%
1-Year	+53.22%	+22.70%
3-Year	+55.79%	+21.33%

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International Business Machines Corporation (IBM)

IBM earnings top estimates, acquiring HashiCorp for $6.4B

Dow Jones Futures Fall As Meta Dives On Guidance; Chipotle Eyes Buy Point

International Business Machines (IBM) Q1 2024 Earnings Call Transcript

Compared to Estimates, IBM (IBM) Q1 Earnings: A Look at Key Metrics

IBM to Buy Hashicorp for $6.4 Billion

IBM To Acquire HashiCorp For $6.4 Billion; Shares Fall As Company Reports Q1 Results

IBM Falls on Weak Consulting Sales, Overshadowing HashiCorp Deal

IBM's Q1 Earnings: A Close Alignment with Analyst Projections Amid Strategic Moves

IBM (IBM) Q1 Earnings Top Estimates

IBM Acquires Software Maker HashiCorp in $6.4 Billion Deal

IBM to buy HashiCorp in $6.4 billion deal to expand in cloud

IBM to Buy HashiCorp in $6.4 Billion Deal

IBM Is Buying HashiCorp For $6.4 Billion. Earnings Top Estimates Amid AI Strength.

IBM to buy HashiCorp in $6.4 billion deal to expand cloud software

IBM RELEASES FIRST-QUARTER RESULTS

IBM to Acquire HashiCorp, Inc. Creating a Comprehensive End-to-End Hybrid Cloud Platform

IBM Reportedly in Advanced Discussions to Acquire HashiCorp

AI Holds the Key to Resilient Cities

Cisco Systems joins Microsoft, IBM in Vatican pledge to ensure ethical use and development of AI

We Think Some Shareholders May Hesitate To Increase International Business Machines Corporation's (NYSE:IBM) CEO Compensation

Performance Overview