IBM Result 22/7/2015

IBM reported a 16.6% year on year fall in net profit in Q2, down to $3.4 billion from $4.1 billion a year earlier, and a 13.5% drop in turnover to $20.8 billion from $24 billion. Profit and turnover for the first six months of the year were also lower, with net profit declining 11.4% to $5.7 billion from $6.5 billion for the same period of last year, and turnover dropping 12.7% to $40.4 billion from $46.3 billion.