Software Stocks Sink as IBM Miss Delivers ‘Devastating Blow’
Shares of software and IT services companies plunged Tuesday after International Business Machines Corp. reported preliminary results that missed analyst expectations, reigniting questions over the sector’s prospects.
By Ryan Vlastelica · Bloomberg Markets
Shares of software and IT services companies plunged Tuesday after International Business Machines Corp. reported preliminary results that missed analyst expectations, reigniting questions over the sector’s prospects.