On October 15, IBM (NYSE:IBM) reported third-quarter results that topped estimates, and the company raised its full-year guidance. However, IBM’s shares dropped because its results were not as good as investors had hoped and there was a drop in contract signings. Let’s take a closer look.
The recession took its toll on Microsoft this quarter. For the first time in the software giant’s 23-year history as a public company, revenues declined year on year.