IBM reports marginal dip in quarterly revenue
International Business Machines Corp`s
The company`s net income fell to $2.73 billion, or $2.92 per share, in the third-quarter ended Sept. 30, from $2.85 billion, or $2.98 per share, a year earlier.
Revenue fell 0.4 percent to $19.15 billion.
IBM`s revenue has declined for nearly six years as the company continues to exit some legacy businesses, while bolstering its cloud services.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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