IBM announces mixed Q1 results, HashiCorp acquisition; shares down

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has reported earnings that topped analysts' expectations for the fiscal Q1 2024 and announced it has reached an agreement to acquire HashiCorp (HCP) for $6.4 billion.
The company posted earnings per share (EPS) of $1.68, beating the consensus estimates of $1.58. However, the company's revenue for the quarter was slightly below expectations at $14.46 billion, missing the…

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