IBM earnings top estimates, acquiring HashiCorp for $6.4B
Yahoo Finance - 2024-04-24T20:40:10.000Z

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...

In related news

IBM moves deeper into hybrid cloud management with $6.4B HashiCorp acquisition
With HashiCorp, Big Blue gets a set of cloud lifecycle management and security tools, and a company that is growing considerably faster than any of IBM’s other businesses. © 2024 TechCrunch. All rights reserved. For personal use only.
- Related Articles
- In News
- From TechCrunch
- 2024-04-24T20:46:59.000Z
IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.
- Related Articles
- In News
- From CNBC
- 2024-04-24T20:08:44.000Z
General Electric earnings beat by $0.16, revenue topped estimates
Investing.com - General Electric (NYSE: GE ) reported first quarter EPS of $0.82, $0.16 better than the analyst estimate of $0.66.
- Related Articles
- In News
- From Investing.com India
- 2024-04-23T10:30:50.000Z

In related news

IBM moves deeper into hybrid cloud management with $6.4B HashiCorp acquisition

IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss

General Electric earnings beat by $0.16, revenue topped estimates