IBM Faces Federal Contract Setbacks Amid DOGE Policy Cuts

April 23, 2025, 6:20 pm

During its quarterly update, IBM disclosed that 15 federal contracts—amounting to nearly $100 million—were cancelled following DOGE-related government efficiency cuts. Although the tech giant reported sales topping estimates and maintained full-year guidance, the loss of these key contracts remains a significant setback, stirring concerns about future federal revenue streams.

techinasia.com / IBM reports 15 contracts canceled due to DOGE cuts

theregister.com / IBM dragged down by DOGE contract cancellation roulette

techcrunch.com / IBM affected by DOGE cuts, downplays impact during Q1 earnings call

permalink / 4 stories from 4 sources in 10 hours ago #doge #earnings #technology #business #ibm +