IBM's quarterly revenue falls nearly 3 percent

Reuters News
Posted: Apr 18, 2017 4:12 PM

(Reuters) - International Business Machines Corp's <IBM.N> revenue declined for the 20th quarter in a row, hurt in the latest first quarter by weak demand in its technology services business.

IBM said revenue fell 2.8 percent, to $18.16 billion in the quarter ended March 31 from $18.68 billion a year earlier.

The company's net income dropped to $1.75 billion, or $1.85 per share, from $2.01 billion, or $2.09 per share.

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(Reporting by Narottam Medhora in Bengaluru; Editing by Savio D'Souza)