IBM had 15 of its federal contracts cancelled due to DOGE-related cuts during the first quarter of 2025, according to reporting from Reuters and Bloomberg. These cuts amount to $100 million in future payments, per Bloomberg. Federal contracts represent between 5% and just under 10% of IBM’s consulting practice.

IBM's Q1 2025 results were strong, driven by robust performance in Software and Infrastructure. Find out why I reiterate my buy rating on IBM stock.

International Business Machines Corporation IBM reported strong first-quarter 2025 results, with adjusted earnings and revenues beating the respective Zacks Consensus Estimate. The company reported a revenue improvement year over year,