Tech

IBM: drop in revenue for the 13th consecutive quarter

Another challenging quarter for IBM whose incomes fell back for the 13th time. Between April and June, the turnover stood at 20.81 billion dollars against 24.05 billion in the second quarter 2014 (-13%) and
a consensus of financial analysts 20950000000. Consolidated net profit was 3.45 billion, or $ 3.50 per share, against 4.14 billion (4.12 dollars / share) a year ago (-17%)

Big Blue says that this performance is the result of two factors:. the strong dollar which automatically weighs on exports (IBM realizes more than half of its sales outside France) and different assignments undertaken, including the sale last year of its entry-level x86 servers to the Chinese Lenovo, and finalizing the sale of its semiconductor division loss-to GlobaolFoundries.

The giant is now focused on high-growth activities such as security software, IT services dematerialized or analyzing data (Big Data). Revenues from these activities increased by some 20% but did not, at this stage, offset the loss of revenue related to assets sold.

The group did not specify what those sales volume strategic imperatives represent, but its CEO Ginni Rometty, provides in the press release that they are becoming an important part of our business.”

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