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The IBM-HashiCorp coupling could be more complicated than it seems

When IBM announced its intention to acquire HashiCorp for $6.4 billion on Wednesday at market close, it was easy to conclude that the two companies should fit well together, but a deal comes down to more than strategy. In his meeting with analysts after Wednesday's announcement, IBM CEO Arvind Krishna saw HashiCorp as a critical piece of IBM's hybrid cloud management strategy, especially as it relates to generative AI. IDC analyst Stephen Elliot sees many companies using both Red Hat...
Arvind Kirshna Jason Ader Stephen Elliot William Blair Holger Mueller Red Hat
Source: yahoo.com

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IBM Falls on Weak Consulting Sales, Overshadowing HashiCorp Deal

(Bloomberg) -- International Business Machines Corp. dropped about 9% in extended trading after the company’s weak consulting unit sales disappointed investors, overshadowing its acquisition of software firm HashiCorp Inc.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapMeta Projects Higher Spending in Deepe...
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Source: yahoo.com

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