🇮🇳 India Top Stories🌐 Global
IBM Stock Hits 39-Year Low as CEO Admits Company 'Failed' to Close Key Deals
Times of India·Wednesday, 15 July 2026
IBM's stock saw its worst single-day performance in 39 years after the company missed its financial targets for the second quarter. CEO Arvind Krishna admitted that internal teams failed to close large deals, with several missing expected timelines in the final weeks of June. The company said clients shifted spending towards hardware, hurting its software business.
Why It Matters
IBM is a major employer in India's tech sector, and its financial struggles could signal broader pressure on enterprise software spending that affects Indian IT companies.
🔒 Potential Impact + source link
Subscribe to unlock the impact analysis and original source for every story.