Sales at IBM decline 3.3 per cent in Q2, profits hit by layoffs

http://en.wikipedia.org/wiki/IBM

IBM chairman and CEO Ginni Rometty needs the company to turn in much better quarters for the remainder of 2103 than Big Blue did in the first quarter, when it missed its numbers by more than $400m.

In the second quarter, IBM did a little better in its systems and services segments and the core business faired alright if you ignore the effect of a $1bn hit to cover layoffs of thousands of employees worldwide.

Tags: 

Read more: Sales at IBM decline 3.3 per cent in Q2, profits hit by layoffs

Story added 18. July 2013, content source with full text you can find at link above.