Will Lower Software Revenues Impact IBM's Q2 Earnings?

International Business Machines Corporation (IBM) is scheduled to report second-quarter 2024 results on Jul 24, after the closing bell. In the to-be-reported quarter, the company is likely to have recorded lower revenues from the Software segment owing to weakness in the hybrid platform & solutions business. However, a strong focus on product innovation and the growing clout of watsonx.ai across various sectors is a tailwind.Factors at PlayThe Software segment includes Hybrid Platform & Solutions comprising ...