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 ...

Elon Musk's Department of Government Efficiency (DOGE) has canceled 15 federal contracts with IBM, totaling approximately $100 million. This move, part of DOGE's cost-cutting efforts, has led to a ...

IBM stock fell after the company said it had seen some canceled contracts due to DOGE cuts and its software business reported results that were slightly soft.

The company's CFO, James Kavanaugh, told investors during IBM's Q1 2025 earnings call on Wednesday that the contracts ...

International Business Machines said 15 of its government contracts were shelved under a cost-cutting drive by the Trump ...

IBM said uncertainty in the economic environment and federal government spending cuts could cause clients to pull back on ...

And today, as of the time of this writing, IBM shares are down more than 6.75% in premarket trading. The main reason? You can blame Elon Musk’s DOGE. As noted by CNBC, those critical metrics act ...

DOGE's cancelled contracts could cost IBM up to $100 million IBM's consulting business is worth $5.1 billion, down 2% year-over-year IBM is still banking on revenue growth, noting continues ...

Still, IBM’s IBM executives warned that customers could get more skittish, and said the company — which offers software, consulting services and network infrastructure — had some narrow ...

According to a timeline seen as ambitious the moment it was announced, the new Vietnamese carmaker VinFast was supposed to ...

IBM had 15 of its federal contracts cancelled 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 ...