While International Business Machines Corp. (NYSE:IBM) reported a second-quarter revenue shortfall due to delayed software agreements, market experts and company executives remain optimistic about the long-term outlook.
Michael Lee, the Founder of Michael Lee Strategy, characterized the recent earnings miss as a mere “temporary speed bump,” an assessment directly bolstered by IBM CEO Arvind Krishna’s revelation that roughly a third of those delayed transactions were successfully finalized in the first weeks of July.
