The century-old tech giant was already disliked by investors before the pandemic as it slogged through a multiyear turnaround; the company's results have deteriorated since, as customers pull back on spending amid unprecedented uncertainty. While there were some green shoots in IBM's results, it's clear that the company has a lot of work to do to win over investors this year. IBM's total revenue for the fourth quarter sank 6% to $20.4 billion; it was down 8% adjusting for divested businesses and currency.
U.S. stock markets closed mostly lower on Friday as concerns mounted over COVID-19
Company INTERNATIONAL BUSINESS MACHINES CORPORATION TIDM IBM Headline Notification of filing of document The Corporation's current report on Form 8-K dated Jan. 22, 2021 was filed with the United States Securities Exchange Commission and in Luxembourg with the Luxembourg Stock Exchange as the officially appointed mechanism for the central storage of regulated information and with the CSSF on Jan. 25, 2021. The report is available at www.sec.gov and www.bourse.lu.