-+ 0.00%
-+ 0.00%
-+ 0.00%

Changes in US stocks | Overall software sector is under pressure, Workday (WDAY.US) falls by more than 4%

Zhitongcaijing·07/14/2026 15:25:07
Listen to the news

Zhitong Finance App learned that on Tuesday, with IBM (IBM.US)'s stock price plummeted 25% after announcing initial results that fell short of expectations, and the overall software sector was under pressure, Workday (WDAY.US) fell more than 4%, ServiceNow (NOW.US) fell nearly 4%, and Caijie (INTU.US), Adobe (ADBE.US), SAP SE (SAP.US), and Duol.US (DUOL.US) all fell more than 2%, and SEFTSE (CRM.US) fell more than 1%.

According to the news, on July 14, IBM's preliminary results data for the second quarter disappointed the market. Revenue disclosed by the company fell short of analysts' expectations. CEO Arvind Krishna said that some customers are shifting capital expenditure to hardware sectors such as servers, storage, and memory, causing software procurement to be squeezed. At the same time, the company's internal sales execution fell short of expectations, and a number of large contracts failed to be implemented as planned, further hampering quarterly performance.