IBM's second-quarter revenue dips 4.7 percent

Reuters News
Posted: Jul 18, 2017 4:13 PM

(Reuters) - International Business Machines Corp <IBM.N> reported a 4.7 percent decline in quarterly revenue on Tuesday, hurt largely by weak demand in its technology services business.

The company's net income fell to $2.33 billion, or $2.48 per share in the second quarter ended June 30, from $2.50 billion, or $2.61 per share, a year earlier.

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Revenue fell to $19.29 billion from $20.24 billion.

(Reporting by Pushkala A in Bengaluru; Editing by Sai Sachin Ravikumar)