IBM cuts full-year sales outlook after mainframe demand drops 42 percent in Q2

Wait 5 sec.

IBM cut its full-year sales outlook on Wednesday after reporting a sharp drop in demand for its mainframe business, lowering its revenue growth target to four to five percent from a prior forecast of more than five percent. The company also trimmed its software unit guidance, with CFO Jim Kavanaugh telling Bloomberg that annual software […]This story continues at The Next Web