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VersaBank reported record Q3 credit assets, revenue and net interest income, with net income up 53% year over year and adjusted net income up 27%, driven mainly by its U.S. Structured Receivable Program.
IBM says software revenue will grow 6% to 8% in 2026, down from a prior forecast above 10%. Several delayed software deals have already closed in Q3, saying the demand was deferred rather than destroyed “Value will increasingly shift towards the orchestration and data layers."
This week, International Business Machines Corporation (NYSE: IBM ) shares took a hit following the news surrounding its preliminary second-quarter results, which fell short of expectations. This disappointing performance was attributed to a shift in client capital spending and execution issues, marking the worst singl