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IBM services, hardware revenue falls in Q2 while profit grows

Joab Jackson | July 19, 2012
For its most recent financial quarter, IBM experienced a drop-off in revenue, though it was able to maintain profit growth.

In the conference call, Loughridge talked up the growth of some of IBM's technology initiatives. Revenue in business analytics was up 13 percent from a year earlier. Revenue from cloud computing initiatives doubled for the year, when compared with the first half of 2011. And revenue from work in Smarter Planet initiatives was up by 20 percent. IBM did not break out specific revenue numbers for any of these initiatives.

 

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