International Business Machines Corp. Chief Financial Officer Mark Loughridge, who helped the company maintain its relentless profit goals during his decade on the job, will retire at the end of the year.
International Business Machines Corp., the largest computer-services company, raised its annual forecast after second-quarter earnings topped analysts’ estimates, lifted by cost cuts and share buybacks.
International Business Machines Corp. Chief Executive Officer Ginni Rometty, facing more skeptical investors after the company missed quarterly earnings estimates for the first time in eight years, said she remains confident about reaching long-term profit goals.
International Business Machines Corp., the world’s biggest computer-services provider, reported a seventh straight quarterly sales decline amid plunging demand for servers, prompting top executives to forgo annual bonuses.
International Business Machines Corp., the world’s biggest computer-services provider, forecast 2012 earnings exceeding analysts’ estimates after fourth-quarter profit rose 4.4 percent because of rising software demand.
U.S. technology stocks, the second- best industry of the past decade, have fallen to the cheapest levels in at least seven years and are vulnerable to more losses as analysts reduce second-quarter profit estimates.