Fox Business - The Power to Prosper
Search Site

Outsourcing

IBM 1Q EPS Matches Views, Sales Light

Technology giant IBM (NYSE:IBM), struggling to adjust to an ongoing slide in hardware sales, reported mixed first-quarter earnings on Wednesday, missing expectations on revenue but hitting forecasts for earnings.The company's stock was down nearly 6% in after-hours trading.Revenue fell 4% from the year-ago quarter to $22.5 billion. Analysts polled by Thomson Reuters had predicted revenue of $22.9 billion.IBM's revenue has fallen from the year-ago period for eight consecutive quarters.First-quarter net income was $2.4 billion, down 21% from a year ago. Operating net income was $2.6 billion versus $3.4 billion in the first quarter of 2013, a decrease of 22%.IBM said the results include the impact of a charge of approximately $870 million for workforce rebalancing and a gain of nearly $100 million for the divestiture of the customer care outsourcing business."In the first quarter, we continued to take actions to transform parts of the business and to shift aggressively to our strategic gr...

Read More

  1. Accenture raises full-year profit forecast

    Accenture Plc, recently chosen as the lead contractor for the Obamacare enrollment website, raised its full-year profit forecast and the lower end of its revenue for...

  2. Accenture Revenue Misses Street Estimates

    Accenture Plc, recently chosen as the lead contractor for the Obamacare enrollment website, raised its full-year profit forecast and the lower end of its revenue for...

  3. Apple to create TV-streaming partnership with Comcast?

    Marketing Zen Group CEO Shama Kabani on a possible Apple, Comcast TV-streaming deal, Google’s robot development, Cisco and web traffic.

  4. 7 Sins of Newbie Entrepreneurs

    After spending the last decade running my own business consulting for companies and corporations, I have witnessed it all. Here’s seven of the most common mistakes I’ve seen newbie entrepreneurs make with alarming consistency.

  5. Barclays Diverges on Cisco, H-P as Market Transitions

    Barclays (NYSE:BCS) changed its tune on two tech giants on Tuesday, upgrading PC maker Hewlett-Packard (NYSE:HPQ) to "overweight" citing several quarters of potentia...

  6. Entrepreneur: What My 1-Year-Old Taught Me About Marketing

    Looking back on 2013, entrepreneur Phil Frost finds there are many similarities between raising a 1-year-old and launching new marketing campaigns. 

  7. The 2014 changes to small business taxes

    Wealth Health Managing Director Rich Coppa on the new tax changes small businesses need to be aware of.

  8. Should small businesses turn to outsourcing ?

    Small Business Center: Entrepreneurs debate whether to outsource, common tax mistakes startups make, and how small businesses are using auctions to break into new overseas markets

  9. Is outsourcing a smart move for small businesses?

    Gene Marks explains why he has become an 'outsourceaholic' and supporter of going global to expand his business

  10. Entrepreneurs use China's cash to grow business

    Florida Restaurant Franchise Group owners Jack Flechner and Joe Sloboda on turning to China to get financing for their business.

  11. Author: America's best days are ahead of us

    Joel Kurtzman says talk about America's decline is not only baseless, but dead wrong

  12. Collaboration, Not Competition: A Winning Small Business Strategy

    Competition among businesses doesn't always have to mean war. Instead of viewing other companies only as competitors, entrepreneur Jay Bernstein thinks business owners should look at them as potential collaborators.

  1. Hired!

    A new study by Pew found that 3 in 10 mothers with kids under 18 are staying home, but it's not by choice -- it's because they can't find work!In fact, in 2012, 6% o...

  2. French Tech Workers: No E-Mails After 6

    French workers already have a 35-hour work week, five vacation weeks a year, and now, some aren't allowed to be contacted by their employer after 6:00pm.A new deal h...

  3. Temporary hiring booming

    LaSalle Network CEO Tom Gimbel, Barron’s senior editor Jack Hough and Hilary Kramer of A&G Capital discuss the temporary hiring economy and the gender gap.

  4. The challenges facing U.S. manufacturing

    ‘American Made Movie’ Producer Vincent Vittorio on what is needed to boost U.S. manufacturing growth.

  5. Offshoring to blame for GM’s recalls?

    Kelley Blue Book Executive Editorial Director Jack Nerad on General Motors’ recall delay scandal.

  6. Considering Employee Leasing? What You Need to Know About Using a PEO

    Hiring an employee is a huge commitment for any company. Whether an employer is looking to fill a part-time or full-time position, there are quite a few time and monetary investments to make, including recruitment, interviewing, payroll taxes, training and benefits administration.

  7. Cisco Rival Arista Networks Files For IPO

    Arista Networks Inc, which makes network switches for large data centers, filed for an initial public offering on Monday, the latest in a string of cloud computing f...

‹ Prev12345Next ›
Freebase CC-BY
Source: Outsourcing on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL