IBMs second-quarter revenue dips 4.7 percent
IBMs second-quarter revenue dips 4.7 percent
International Business Machines Corp reported a 4.7 percent decline in quarterly revenue on Tuesday, hurt largely by weak demand in its technology services business.
The company`s net income fell to $2.33 billion, or $2.48 per share in the second quarter ended June 30, from $2.50 billion, or $2.61 per share, a year earlier.
Revenue fell to $19.29 billion from $20.24 billion.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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