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IBM's worst quarterly report due to decline in traditional businesses
Highlights
American multinational technology and consulting corporation International Business Machines Corp (IBM) has reported its worst quarterly revenue in 14 years due to decline in its traditional businesses.
New York : American multinational technology and consulting corporation International Business Machines Corp (IBM) has reported its worst quarterly revenue in 14 years due to decline in its traditional businesses.
This is the 16th straight quarter decline in the revenue for IBM, Reuters reports.
The company's revenue fell 4.6 percent to USD 18.68 billion in the first quarter, but beat analysts' average estimate of USD 18.29 billion.
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