The American IT group saw its net income fell 2.4% to $ 2.3 billion in the first quarter, even if it exceeds the expectations of the market, but sales fell again more than expected.
According to results released Monday, the earnings per share, which is the benchmark on Wall Street, has reached 2.91 dollars when analysts on average expected $ 2.82 only.
The turnover fell for his share from 11.9% to 19.59 billion dollars. This is the twelfth consecutive quarter of decline, and analysts were hoping to see it reach a slightly higher level (19730000000).
The action IBM, who finished the session up more 3% before the publication of these figures, lost 0.51% to 165.31 dollars to 8:30 p.m. GMT in electronic trading after the close of Wall Street.
“The focus on better value through a transformation of the portfolio and investment in key areas of the business, continued to support margin improvement, “said in the statement the CEO of IBM, Ginni Rometty.
IBM trying for several years to focus on higher margin activities.
It was late February particular set the goal of reaching $ 40 billion in revenue by 2018 in sectors deemed carriers like cloud computing (cloud), the data analysis, and mobile security, and announced accordingly redirecting $ 4 billion investment to these strategic niches this year.
The group confirmed its forecast for annual profit between 15.75 and 16.50 dollars per share.
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