IBM’s shares tumble as investors remain skeptical of the company's ability to sustain improvements
International Business Machine Corp.’s shares were off more than 4% Wednesday after the company posted a third consecutive quarter of declining revenue, raising concerns about its turnaround and its ability to compete in the crowded cloud market.
In its latest quarter, growth was flat or declined in all of IBM’s main reported lines of business, including cloud services and information-technology-support services. Net income fell 5.2% to $1.59 billion.
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