IBM earnings beat dragged down by DOGE contract roulette

IBM Plays Down Trump Tariff Concerns: DOGE Could Affect Consulting Business, But Its 'US Federal Business Is Less Than 5%,' Says CEO - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), IBM (NYSE:IBM)

IBM has forecasted a "minimal" tariff impact on its business while acknowledging not being "immune" to the DOGE-related initiatives.

IBM affected by DOGE cuts, downplays impact during Q1 earnings call

IBM had 15 of its federal contracts cancelled in Q1 due to DOGE-related cuts, according to the company's CEO.

IBM earnings beat dragged down by DOGE contract roulette

: Big Blue downplays impact of Elon-gated cost-cutting

IBM price, Q1 earnings: Stock sinks 6% after news that Elon Musk’s DOGE cuts thwarted 15 government contracts

The tech giant’s quarterly results beat analyst estimates, but it also lost $100 million in future revenue from federal sales. Over the past 30 days, many big-name tech giants have seen their stock prices fall hard, largely thanks to President Trump’s chaotic tariff rollout. For example, Apple … Source

The Trump administration's decisions sometimes directly affect the heavyweights of American technology, not to mention tariffs here. IBM has seen 15 of its federal contracts cancelled in the first quarter of 2025 due to the budget cuts initiated by the Department of Government Efficiency ... Read more Like KultureGeek on Facebook, and follow us on Twitter Don't forget to download our free iAddict app for iPhone and iPad (link App Store) Read mor…

BLK ALERTS - IBM affected by DOGE cuts, downplays impact during Q1 earnings call

Tech and consulting giant IBM was not immune to the Department of Government Efficiency’s (DOGE) cuts. IBM had 15 of its federal contracts canceled due to DOGE-related cuts during the first quarter of 2025, according to reporting from Reuters and Bloomberg. These cuts amount to $100 million in future payments, per Bloomberg. Federal contracts represent […]