IBM Results Decline Again But Top Expectations

ENLARGE Under Virginia Rometty’s leadership, IBM has focused on higher growth businesses such as cloud computing and data analytics intended to extract useful insights from mountains of data. Photo: Associated Press By Rachael King Updated July 18, 2016 4:33 p.m. ET 1 COMMENTS Even as International Business Machines Corp. IBM 0.05 % makes some gains in new strategic areas such as cloud computing and artificial intelligence, its total sales continue to decline. The Armonk, N.Y., company reported Monday that its revenue for the second quarter dropped 2.8% to $20.24 billion, as its products have become increasingly under threat by the move to computing services delivered over the internet. The company has now posted revenue declines for 17 straight quarters. Read More IBM Layoffs Continue (May 20, 2016) IBM Pumps $4…


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