(Photo: dpa, Fredrik von Erichsen)!
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The restructuring of the Group contributes only slowly fruit. The business in new areas is growing – but flagging traditional divisions hold back IBM
The years of decline in sales at IBM continues.. During the quarter, sales of computer giant dropped by four percent to nearly 18.7 billion US dollars. Revenue is shrinking amid a protracted corporate restructuring now for four years. The profit fell year on year by 13.5 percent to more than two billion dollars, as the company announced after US market close on Monday.
Massive job cuts
IBM chief Ginni Rometty align the Group on a new business with data analysis and self-learning machines such as supercomputers Watson. This is accompanied by a massive job cuts, while at the same time new people show up for the future areas. The restructuring is bearing fruit. In new business with cloud services and data analysis, sales increased by 14 percent to seven billion dollars to
IBM got the first quarter of a tax credit of one billion dollars, which completely is used for costs of staff reductions. The group ordered the divisions with the beginning of new. Thus, the previously separately disclosed software business each area has been assigned. In the other great division “cognitive solutions” to the as reservation systems of airlines belong, sales fell by 1.7 percent to 3.98 billion US dollars.
Adjusted net income of 2 , $ 35 per share surpassed the Wall Street forecast of 2.09 dollars. The course ran after trading still around five percent. ( dpa ) / <-! RSPEAK_STOP -> (cfu)
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