BREAKING NEWS

IBM's revenue still weak

 Comments
IBM's revenue still weak
Text size Aa Aa

IBM’s shares slumped after it reported its worst quarterly revenue in 14 years.

Income from newer services, such as cloud and mobile computing and technology using artificial intelligence, failed to offset declines in its traditional businesses, like hardware.

International Business Machines, which is the world’s largest technology services company, suffered its 16th straight quarter of revenue decline – down by 4.6 percent to $18.68 billion (16.43 billion euros) in the first quarter.

Its forecast for second-quarter profit also disappointed the financial markets.

Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.