IBM Revenue, Profit Edge Lower

ENLARGE IBM outlined its Watson computing system in 2011. Photo: Ben Hider/Getty Images By Rachael King Updated Oct. 17, 2016 6:31 p.m. ET 14 COMMENTS Profit and revenue at International Business Machines Corp. IBM 0.21 % declined, with the top line edging lower to mark its 18th consecutive fall. Still, the company saw growth in newer businesses such as cloud computing and artificial intelligence. The Armonk, N.Y., company reported third-quarter earnings Monday, saying revenue for the quarter was $19.23 billion, down 0.3%, as the company has attempted to transition into new lines of business while its core products become increasingly pressured by the move to computing services delivered over the internet. Big Blue said net profit fell 4% to $2.9 billion during the quarter ended in September amid weakness in…


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