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IBM falls short of quarterly margins and sales stagnate



IBM shares fell in straight-line trading after the company reported lower profit margins and sales excluding exchange rate adjustments in the first quarter.

The International Business Machines Corp. posted $ 19.1 billion in revenue of $ 18.8 billion in the first quarter. That's a 5 percent gain since last year, but only when the weak US dollar was taken into account. Without him, sales growth was unchanged. Growth in key Strategic Imperatives businesses, including the company's cloud, analytics and mobile-focused businesses, grew 1

0 percent year-on-year to $ 9 billion, net of exchange rate movements.

5.8 percent to 151.54 dollars, in extended trade after the end of the day by 1.9 percent.

CEO Ginni Rometty is working to pull IBM back from more than five years of decline. It reversed the trend late last year, though this upswing was not as much driven by the new companies as by the cyclical demand for mainframe servers. Investors are watching to see if they can increase profits in IBM's newer software and services to sustain the improvement as the hurdle of hardware sales eases.


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