SAN FRANCISCO: IBM reported Monday that revenue slipped for the third consecutive quarter this year, causing shares to cede a little ground in after-market trades.
Net income, however, was up slightly to US$1.7 billion as the company trimmed costs, according to the earnings report.The New York-based company spotlighted growth in its cloud computing business, which saw overall revenue climb some 19% to US$6 billion.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Muafakat Nasional meeting to discuss Bersatu’s entry cancelled | The Malaysian InsightSteering committee was to discuss the third party joining the pact tonight, reports Astro Awani. So the real question will be AdaMajoritiKeTakYidin pulak AdaMajoritiKeTakYidin
Source: msianinsight - 🏆 8. / 63 Read more »
China’s Q3 GDP grows 4.9% y/y, misses expectationsBEIJING: China's economic recovery disappointed in the third-quarter, growing 4.9% from a year earlier and missing analyst expectations, data from the...
Source: theSundaily - 🏆 25. / 51 Read more »
Thailand reports three more local coronavirus infections | Malay MailBANGKOK, Oct 18 — Thailand reported three additional locally transmitted cases of the coronavirus today, a day after reporting its first local infections in more than a month. The three new patients are family members of two Myanmar nationals who previously tested positive for the virus this week...
Source: malaymail - 🏆 1. / 86 Read more »
After weeklong Covid-19-free streak, Terengganu reports 3 new cases | New Straits TimesKUALA TERENGGANU: Three Covid-19 cases were detected in Kuala Abang, Dungun near here, yesterday, after almost a week without any reported infections in Terengganu.
Source: NST_Online - 🏆 17. / 53 Read more »
Extended automatic moratorium may stifle economic recovery, say analyst | The Malaysian InsightLow liquidity, declining capital levels deeply affect all sectors of economy.
Source: msianinsight - 🏆 8. / 63 Read more »
Kepayan Prison to go under lockdown | The Malaysian InsightTwo-week enhanced MCO from Wednesday also covers staff housing quarters, says Ismail Sabri.
Source: msianinsight - 🏆 8. / 63 Read more »