Read IBM CEO's letter to investors warning about its poor results: 'This quarter we faltered'

IBM CEO Arvind Krishna warned investors after below-par Q2 results, citing customers pulling back on IBM product spend. He said buyers are prioritizing memory and chips instead, indicating demand headwinds. The tone is cautious as the miss reflects weaker near-term spending behavior.

Analysis

IBM CEO Arvind Krishna warned investors after below-par Q2 results, citing customers pulling back on IBM product spend. He said buyers are prioritizing memory and chips instead, indicating demand headwinds. The tone is cautious as the miss reflects weaker near-term spending behavior.