Newsfeeds Archive - Spark Newswire

1 minute read

IBM Emerges Victorious In $1.6B Legal Battle: Report

May 1, 7:44 AM

IBM secures legal victory, saving $1.6 billion in damages awarded to BMC Software Inc. The U.S. 5th Circuit Court of Appeals rules in favor of IBM, citing lawful acquisition of AT&T's software account. Judges affirm IBM's good faith in the dispute, nullifying one of the largest-ever commercial judgments.

FDL

2 minute read

Verizon Poised For Growth, Strategic Network Upgrades, Strong Momentum To Drive Future Success: Analyst

By Anusuya Lahiri

April 23, 1:13 PM

Timothy Horan maintained Outperform rating and $48 price target for Verizon due to strong momentum, network upgrades, and improved management. Q1 results impacted by price increases, but outlook is stable.

DJD

2 minute read

Verizon’s Q1: Flat Revenue, Bump In Free Cash Flow And Stable 2024 Outlook

By Anusuya Lahiri

April 22, 9:01 AM

Verizon Communications Inc. announces slight sales growth in Q1 2024, hitting $32.98 billion, with adjusted EPS topping expectations at $1.15. Despite missing sales consensus, wireless service revenue rose by 3.3% year-on-year, driven by strategic pricing and subscriber growth. The company sees strong broadband additions and reiterates optimistic financial guidance for the year.

DJD