Arab Today, arab today us firm ibm reports profit increase
Last Updated : GMT 21:55:33
Arab Today, arab today
Arab Today, arab today

US firm IBM reports profit increase

Arab Today, arab today

Arab Today, arab today US firm IBM reports profit increase

New York - QNA

American technology giant IBM has recorded a 6% increase in profit despite reporting a 3% decline in revenue. IBM\'s second-quarter revenue reached $25.8 billion, down 3% from a year earlier, but net income rose in this interval to $3.9 billion, the firm said in a statement. \"Given our performance in the first half and our outlook for the second half, we are raising our full-year operating earnings per share expectations to at least $15.10,\" IBM President and Chief Executive Officer Ginni Rometty added in the statement. Revenue from the company’s growth markets increased 2%, rising 5% in the BRIC countries; Brazil, Russia, India and China.

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