• Company News: IBM’s revenue fell 13% y/y

Market news

21 July 2015

Company News: IBM’s revenue fell 13% y/y

Company reported Q2 profit of $3.84 per share versus $3.79 consensus. Revenues fell 13.4% year/year to $20.81 bln versus $20.94 bln consensus.

Company reaffirms guidance for FY15, sees EPS of $15.75-16.50 versus $15.84 consensus.

IBM fell to $164.80 (-4.86%) on the premarket.

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