International Business Machines Corp reported a 8.5 percent fall in quarterly revenue as a strong dollar and tepid IT spending weighed on the Big Blue’s results.

Revenue dropped to $22.06 billion in the quarter ended Dec. 31, from $24.11 billion. Revenue adjusted for currency fell 2 percent.

Net income fell to $4.46 billion, or $4.59 per share, from $5.48 billion, or $5.51 per share a year earlier.

(Reporting by Abhirup Roy in Bengaluru; Editing by Sayantani Ghosh)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲