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)

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