News Artcle

Revenue down 2% but IBM sales top estimates

Published July 17, 2014

New York —IBM Corp.’s sales topped analysts’ estimates, getting Chief Executive Ginni Rometty closer to her profit goals. While revenue fell 2 percent from a year earlier to $24.4 billion in the second quarter, the declines were smaller than in the prior three-month period for mainframe servers and sales in developing countries, IBM said Thursday. The result surpassed the $24.1 billion that analysts projected on average, according to data compiled by Bloomberg. Adjusted earnings rose to $4.32 a ...

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