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Cranberry Journal

Thursday, November 5, 2026

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Markets
  • S&P 5007,377.15−4.05%
  • Nasdaq24,382.95−5.26%
  • Dow51,668.35−3.16%
  • 10-yr yield4.83%−1.25%
  • Crude$90.62+2.84%
At the close · Nov 5

Software

Tagged stories

A modern building clad in metal panels with the IBM logo above its entrance, a bare tree and a glass tower in front, under a grey sky.
Technology

IBM's Software Revenue Grew 8 Per Cent While Consulting Was Flat. GAAP Earnings Rose 26 Per Cent, Against a Year-Earlier Quarter Cut by a $309 Million Tax Charge.

IBM said on Wednesday 21 October that third-quarter revenue rose 5 per cent to $17.1 billion, or 6 per cent at constant currency, with Software up 8 per cent and Consulting flat. GAAP earnings from continuing operations rose 26 per cent to $2.31 a share and operating earnings 11 per cent to $2.95. IBM held its 4 to 5 per cent revenue outlook and now expects free cash flow to rise by more than $1 billion this year.

By Alison Acosta  

The rusted, dented rear bumper of an old vehicle parked on a cobbled street.
Business

A GTCR-Led Group With Elliott Will Take CCC Private at $7.75 a Share, a $6.1 Billion Enterprise Value. Its Chief Executive and President Are Rolling Over Part of Their Stakes.

CCC Intelligent Solutions said on Thursday 15 October that a consortium led by GTCR and including Elliott Investment Management will buy it for $7.75 a share in cash, an enterprise value of about $6.1 billion. The price is about 44 per cent above the 9 July close. The deal needs a stockholder vote and antitrust clearance and is expected to close in the first quarter of 2027.

By Margaret Holloway