Market News / Story
IBM Stocks Drop Although SAP Package Produces a 50% Proof Point
GuruFocus ·
GuruFocus reports: IBM , the hybrid-cloud and enterprise-AI company, introduced a standardized SAP modernization service for midsize businesses, while shares slipped about 0.4% to $219.73 at approximately 11:24 a.m. ET on October 8. The pitch is practical: connect business data, simplify operations and give customers a foundation for AI. Investors still need evidence that those projects can lift IBM's earnings. The strongest proof point comes from Volumetric Building Companies. IBM reported…