#mainframe Tech News.
2 stories in the last 7 days
The latest mainframe news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks mainframe across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
IBM reported a quarterly revenue miss with mainframe sales down 42%. CEO Arvind Krishna said tens of customers delayed mainframe purchases due to 15-30% cost increases on data center gear and PCs. IBM lowered full-year growth forecasts. The stock fell 25%, its biggest single-day decline ever.
IBM lowered its full-year revenue forecast after mainframe sales plunged 42%, missing estimates on revenue and profit. CEO Arvind Krishna said customer spending shifted to AI infrastructure, calling the demand deferred, not destroyed. Shares fell 25% in their biggest one-day decline in a century.
Summaries by ByteBrief