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IBM revenue falls more than expected, cuts profit forecast
IBM's total revenue fell 13.9% to US$19.28b in the quarter, below analysts' average forecast of US$19.62b. It was the 14th quarter in a row that the firm has posted a reduction in revenue.
PHOTO: BLOOMBERG
Bengaluru, India
INTERNATIONAL Business Machines Corp (IBM) posted a bigger-than-expected drop in revenue and cut its full-year profit forecast, as a stronger US dollar accentuated weakness in demand from China and emerging markets.
It was the 14th quarter in a row that IBM has
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