IBM Reports Higher-Than-Expected Q1 Profit, But Revenue Of $19.6B Dissapoints

Wall Street Following the cessation of regular trading this afternoon, IBM reported its first-quarter financial performance. The company reported higher-than-expected adjusted profit on a per-share basis of $2.91, but the company’s $19.59 billion in period-revenue was under street expectations of $19.64 billion.
The company now has a run of 12 straight quarters of declining revenue.
IBM’s… Read More