People walk past sign at the booth of IBM at the CeBIT trade fair in Hanover in this March 15, 2015, file photo. IBM is expected to report Q1 earnings on April 20, 2015.
/Morris Mac Matzen/Files
- International Business Machines Corp reported an about 12 percent fall in first-quarter revenue as the technology company continues to shed unprofitable businesses to focus on cloud-computing initiatives. Net income fell slightly to $2.33 billion, or $2.35 per share, for the quarter ended March 31, from $2.38 billion, or $2.29 per share a year earlier.The world's largest technology services company's total revenue fell to $19.6 billion from $22.2 billion. (Reporting by
Bill Rigby and Lehar Maan in Bengaluru; Editing by Saumyadeb Chakrabarty)
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