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IBM's second-quarter revenue dips 4.7 percent

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Reuters
Last Updated : Jul 19 2017 | 1:48 AM IST

(Reuters) - International Business Machines Corp reported a 4.7 percent decline in quarterly revenue on Tuesday, hurt largely by weak demand in its technology services business.

The company's net income fell to $2.33 billion, or $2.48 per share in the second quarter ended June 30, from $2.50 billion, or $2.61 per share, a year earlier.

Revenue fell to $19.29 billion from $20.24 billion.

(Reporting by Pushkala A in Bengaluru; Editing by Sai Sachin Ravikumar)

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First Published: Jul 19 2017 | 1:43 AM IST

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