IBM revenue drops 13 consecutive quarters

    IBM published its second quarter 2015 financial report . IBM's net profit fell 17%. Corporate revenue fell 13.5%. It declined more than expected by consensus forecast. The fall has been going on for 13 consecutive quarters.

    IBM stock quotes fell 5.3% in additional trading. Net profit of the corporation over the past three months has dropped to $ 3.4 billion. In the same period last year, this figure was $ 4.1 billion. IBM revenue fell from $ 24 billion to $ 20.81 billion. Analysts had forecast revenue to fall to $ 20.95 billion.

    The revenue of IBM divisions in North America for the second quarter fell by 8% year on year (to $ 9.8 billion), in the Asia-Pacific region - by 19% (to $ 4.3 billion), in Europe, Africa and the Middle East - by 17% (up to $ 6.6 billion). The company's sales in the BRICS countries fell by 35%.

    Revenue from the sale of computer equipment decreased by 32% and amounted to $ 2.1 billion. The revenue of the systems and technology division decreased by 10.5% (to $ 8.1 billion), revenue from software sales decreased by 10% (to $ 5.8 billion), business services - by 12% (to $ 4.3 billion) . But cloud technologies brought 50% more compared to the second quarter of 2014. And taking into account currency fluctuations, this difference is estimated at 70%.

    The company confirmed the earnings forecast excluding one-time factors for this year at $ 15.75-16.5 per share. Analysts' consensus forecast for IBM's annual earnings is $ 15.88 per share.

    IBM is still in the process of reorienting. Part of the corporation's units were closed, and part - sold. Last year, the corporation announced the sale of an x86 entry-level server business. The buyer was a Chinese Lenovo . In the same year, IBM sold its semiconductor business to GlobalFoundries .

    Virginia Rometti, CEO of the corporation, called cloud mobile technologies, data analysis and security software “strategically important” areas,reports Kommersant. She estimates that the annual profit from these areas will be approximately 20% higher than last year.

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