IBM revenue drops 13 quarters in a row
IBM has published a financial report for the second quarter of 2015. IBM net profit declined by 17%. Corporate earnings fell by 13.5%. It shrank more than expected by consensus. The fall has lasted 13 quarters in a row.
IBM stock quotes fell 5.3% in additional trading. The net profit of the corporation over the past three months fell to $ 3.4 billion. In the same period last year, this figure was $ 4.1 billion. IBM's revenue fell from $ 24 billion to $ 20.81 billion. Analysts predicted a drop in revenue to $ 20.95 billion.
IBM's sales in North America for the second quarter fell by 8% yoy (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). Sales of companies in the BRICS countries fell by 35%.
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Revenues from the sale of computer equipment fell by 32% to $ 2.1 billion. The revenue of the system and technology division decreased by 10.5% (to $ 8.1 billion), revenues from the sale of software decreased by 10% (to $ 5.8 billion), business services - by 12% (to $ 4.3 billion) . But cloud technologies have 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 profit forecast without taking into account one-off factors for this year at the level of $ 15.75-16.5 per share. Analysts' consensus forecast for IBM's annual profit is $ 15.88 per share.
IBM is still in the process of reorientation. Some divisions of the corporation were closed, and some - sold. Last year, the corporation announced the sale of its entry-level x86-based server business. Buyer made Chinese Lenovo . In the same year, IBM sold the semiconductor business to GlobalFoundries .
Virginia Rometti, CEO of the corporation, called cloud mobile technologies, data analysis and security software “strategically important” areas, Kommersant reports . She expects that the annual profit from these areas will be approximately 20% higher than last year.
IBM stock quotes fell 5.3% in additional trading. The net profit of the corporation over the past three months fell to $ 3.4 billion. In the same period last year, this figure was $ 4.1 billion. IBM's revenue fell from $ 24 billion to $ 20.81 billion. Analysts predicted a drop in revenue to $ 20.95 billion.
IBM's sales in North America for the second quarter fell by 8% yoy (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). Sales of companies in the BRICS countries fell by 35%.
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Revenues from the sale of computer equipment fell by 32% to $ 2.1 billion. The revenue of the system and technology division decreased by 10.5% (to $ 8.1 billion), revenues from the sale of software decreased by 10% (to $ 5.8 billion), business services - by 12% (to $ 4.3 billion) . But cloud technologies have 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 profit forecast without taking into account one-off factors for this year at the level of $ 15.75-16.5 per share. Analysts' consensus forecast for IBM's annual profit is $ 15.88 per share.
IBM is still in the process of reorientation. Some divisions of the corporation were closed, and some - sold. Last year, the corporation announced the sale of its entry-level x86-based server business. Buyer made Chinese Lenovo . In the same year, IBM sold the semiconductor business to GlobalFoundries .
Virginia Rometti, CEO of the corporation, called cloud mobile technologies, data analysis and security software “strategically important” areas, Kommersant reports . She expects that the annual profit from these areas will be approximately 20% higher than last year.
Source: https://habr.com/ru/post/292856/
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