IBM posts profit below expectations

IBM, world’s largest computer company, on Thursday posted quarterly profit and revenue that fell far short of Wall Street’s expectations as it blamed difficulties in closing key deals.

In a surprise statement, the Armonk, New York-based company reported a profit from continuing operations of $1.41 billion, or 85 cents a share, in the first quarter compared with $1.36 billion, or 79 cents a share, a year earlier.

Read the

You'd Also Like

Create a new thread in the UK News comments forum about this subject
This thread is closed for comments
No comments yet
Comment from the forums
    Your comment