International Business Machines Corp said the U.S. Securities and Exchange Commission was investigating the company’s accounts.

IBM said the investigation related to the company’s revenue recognition with respect to certain deals in the United States, Britain and Ireland.

Shares of the world’s largest technology services company were down 3 percent at $139.33 in afternoon trading.

(Reporting by Abhirup Roy in Bengaluru; Editing by Saumyadeb Chakrabarty)

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 ▲