IBM’s stock falls as software revenue underwhelms

ibm's stock fell after reporting software revenue that disappointed investors. the company's shares dropped as much as 9% in after-hours trading. the miss came in the software segment, which grew only 5.5% year-over-year. that fell short of analyst expectations, overshadowing a 6% rise in consulting revenue. investors have been worried about how ai might affect ibm's core software and consulting businesses.