IBM Stock Falls After Q1 Report, Plans For $6.4B HashiCorp Deal
investors.com/news/technology/ibm-to-acquire-hashicorp-for-6-4-billion-shares-fall-as-company-reports-q1-results
IBM stock slipped late Wednesday after the computing giant reported first quarter earnings ahead of expectations, with sales slightly below estimates. The firm also announced plans for a $6.4 billion acquisition of cloud-software company HashiCorp (HCP), a deal that was reported as nearly done a day earlier by the Wall Street Journal.
In an earning release published late…
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