AIThe Registerabout 1 hour ago
IBM mainframe sales hit by AI hardware panic
3 min read
IBM reported preliminary Q2 results showing Infrastructure revenue fell 7%, driven by customers shifting mainframe budgets to servers, storage, and memory ahead of expected price increases. CEO Arvind Krishna said the company failed to adapt quickly enough, causing large deals to miss timelines. Red Hat grew 11% and distributed infrastructure posted record 37% growth.
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