IBM revenue falls as weak legacy businesses offset cloud growth

IBM revenue falls as weak legacy businesses offset cloud growth

5 years ago
Anonymous $9jpehmcKty

https://www.reuters.com/article/us-ibm-results/ibm-revenue-falls-as-weak-legacy-businesses-offset-cloud-growth-idUSKCN1UC2KQ

International Business Machines Corp posted a 4.2% fall in quarterly revenue, in line with analysts' estimates, as weakness in its legacy businesses of selling hardware and software offset growth in its high-margin cloud computing unit.