News Column

IBM Posts Lower Profit, Revenue

July 18, 2013

Technology services company IBM posted lower revenues and profits Wednesday but a hike in its forecast for full-year earnings sent its share price up in after-hours trading.

Big Blue said it earned profits of $3.23 billion in the second quarter, down from $3.88 billion a year earlier.

Revenue slipped to $24.92 billion from $25.78 billion in the second quarter of 2012.

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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