Thursday, October 17, 2013

IBM Reports Another Decline in Revenue - WSJ.com

A tough week for enterprise hardware; also see Teradata Downgraded After Q3 Guidance Disappoints (Investor's Business Daily)
"International Business Machines Corp. posted a sixth straight quarterly decline in revenue on Wednesday, with disappointing results in several areas, including international business, technology services and hardware.
[...]
Results in IBM's hardware group worsened compared with the previous quarter, as revenue fell 17% and the unit swung to a $167 million loss. In the second quarter, hardware sales fell 12%."
IBM Reports Another Decline in Revenue - WSJ.com
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