{"id":1021008,"date":"2026-07-15T08:47:07","date_gmt":"2026-07-15T03:17:07","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1021008"},"modified":"2026-07-15T08:59:17","modified_gmt":"2026-07-15T03:29:17","slug":"worse-than-our-expectations-ibm-ceo-explains-what-went-wrong-in-the-second-quarter","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/07\/15\/worse-than-our-expectations-ibm-ceo-explains-what-went-wrong-in-the-second-quarter\/","title":{"rendered":"\u2018Worse than our expectations\u2019: IBM CEO explains what went wrong in the second quarter"},"content":{"rendered":"<p>IBM shares tanked on Tuesday after the tech giant\u2019s preliminary second-quarter results missed Wall Street expectations, prompting CEO Arvind Krishna to acknowledge that the company had failed to respond quickly enough to changing customer spending patterns. The company reported revenue of $17.2 billion, up just 1% and below analyst forecasts, while infrastructure revenue declined 7%. <\/p>\n<p>In a letter to investors explaining the shortfall, Krishna said IBM had underestimated a sharp change in client spending and struggled to close several major deals within the expected timeframe. \u201cThese conditions require our teams to execute perfectly, and this quarter we faltered,\u201d Krishna wrote<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IBM shares tanked on Tuesday after the tech giant\u2019s preliminary second-quarter results missed Wall Street expectations, prompting CEO Arvind Krishna to acknowledge that the company had failed to respond quickly enough to changing customer spending patterns. The company reported revenue of $17.2 billion, up just 1% and below analyst forecasts, while infrastructure revenue declined 7%. In a letter to investors explaining the shortfall, Krishna said IBM had underestimated a sharp change in client spending and struggled to close several major deals within the expected timeframe. \u201cThese conditions require our teams to execute perfectly, and this quarter we faltered,\u201d Krishna wrote<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-1021008","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1021008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1021008"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1021008\/revisions"}],"predecessor-version":[{"id":1021043,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1021008\/revisions\/1021043"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1021008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1021008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1021008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}