Blog

IBM’s Q2 sales slide 13 percent on sale of low-end server unit

Posted by:

IBM has reported another quarter of declining revenue and profit, though sales of its new mainframe gave it a lift.

Revenue for its second quarter was $20.8 billion, down from $24 billion a year earlier, IBM announced Monday.

The big drop is partly from IBM selling its x86 server business to Lenovo, as well as the impact of the strong U.S. dollar. Without those factors, revenue would have declined one percent, IBM said.

Net income was $3.45 billion, down 16.6 percent.

Revenue from IBM’s giant Global Technology Services segment were down 10 percent to $8.1 billion. Factoring out the currency effect and the sale of the x86 server business, revenues were up one percent, IBM said.

To read this article in full or to leave a comment, please click here

0


About the Author

We offers a proactive approach to IT support, Managed IT Services, Hosted Cloud Services, and IT Project Management. We are focused on anticipating and mitigating any IT infrastructure problems you might incur. We offer the most unique blend IT project consulting, complete cloud-based services, and network/server management techniques to provide a customized solution for any size business. We are the premier provider of Managed IT Services, IT Support Services, Hosted Cloud Servers, Hosted Microsoft Exchange Email, Hosted VoIP PBX and Outsourced IT solutions. We service Texas from our main offices in Austin, Dallas, Houston and San Antonio. Our unique blend of computer networking services, cloud-based offerings, and professional IT services are provided by certified IT consulting professionals. We strive to be your one source for all technology guidance, support, hardware, software, and telephony. Using cutting edge network management tools and expertise, We will monitor your company’s network activity 24x7x365 in an effort to correct emerging issues well before they escalate to a level that forces business as usual to cease.

# #