IBM's slower revenue growth fans AI worries, shares fall - Reuters

<a href="https://news.google.com/rss/articles/CBMimAFBVV95cUxPcjh3OWRzUk80SEJlZjgxdnNtRlVwa3Q2MTFXeG1DenIyeGt4anVFc0cwa2dKdlFDRkZsalFPZV80N1lwZU4yVWJHeERSSko4dzJISDRiVmdMek01eUoxWVlVWkRMUnMtT3p2cEJDVnRnTl9PS0xvX0xFN25xZkF0MDdhbFlmVkJNQUNxRm1hbTBMSTB3UjJkRQ?oc=5" target="_blank">IBM's slower revenue growth fans AI worries, shares fall</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

IBM's revenue growth slowed in the first quarter due to sluggishness in its software business, raising concerns about the impact of artificial intelligence tools and causing shares to drop by 6.5% after hours.

IBM's first-quarter revenue growth slowed to 9%, raising concerns about AI's impact on its software business, particularly after a rival tool showed promise in modernizing COBOL. Despite this, infrastructure segment growth remained robust.

IBM's first-quarter revenue growth slowed to 9%, raising concerns about AI's impact on its software business, particularly after a rival tool showed promise in modernizing COBOL. Despite this, infrastructure segment growth remained robust.

IBM reported a 9% increase in first-quarter revenue, surpassing estimates, driven by higher adoption of AI and hybrid cloud services. However, shares declined by about 6% in extended trading.

IBM reported rising revenue and higher profit in the first quarter, buoyed by the growing adoption of artificial-intelligence tools by businesses. However, shares declined by about 6% in extended trading.