IBM’s revenues continued to decline for the 14th consecutive quarter


Moscow. October 20. International Business Machines Corp. (IBM), the world’s largest provider of computer services, reduced revenue in the third quarter of 2015 14% amid declining sales of equipment, as well as the strengthening of the dollar relative to other world currencies.

The company’s revenue decreased to $19,28 billion compared with $22.4 billion over the same period last year. Analysts polled by Thomson Reuters on average predicted revenue of $19,62 billion.

Revenue from IBM sales of the computer equipment in the last quarter decreased by 39%, to $1.49 billion, revenue from sale of software decreased by 10% to $5.14 billion

The company’s net profit in July-September amounted to $2.95 billion, or $3,01 per share, compared with $18 million, or $0,02 per share, for the same period a year earlier. IBM earnings for the third quarter of 2014 included a one-time loss of $4.7 billion associated with the transaction on transfer of business for the production of semiconductors Globalfoundries Inc.

IBM income from continuing operations, not taking into account one-off factors in the last quarter fell to $3,34 to $3,68 per share a year earlier. The average forecast of analysts for this indicator was $3.3 per share.

IBM lowered its forecast for profit, excluding one-off factors for the current year to $14,75-15,75 per share from the earlier projected $15,75-16,5 per share.

The company reduces become unprofitable business for the production of computer equipment and want to focus operations on cloud technologies and data analysis.

IBM shares to additional trading on Monday fell by 3.5% to us $144.