Read IBM CEO's letter to investors warning about its poor results: 'This quarter we faltered'

Source: Business Insider

IBM CEO Arvind Krishna warned investors that the company's second-quarter results fell short of expectations. Mandel NGAN / AFP via Getty ImagesIBM CEO Arvind Krishna sent a warning letter to investors about its below-par Q2 results. Customers pulled back from spending on IBM products to prioritize buying memory and chips, he said.