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IBM's quarterly revenue falls 4.6 percent
People walk past an IBM logo during the Mobile World Congress in Barcelona, Spain February 25, 2016.
Reuters/Albert Gea
International Business Machines Corp (IBM.N) reported a 4.6 percent fall in quarterly revenue, hurt by a strong dollar and muted IT spending amid global economic uncertainty.
Revenue declined for the 16th straight quarter, falling to $18.68 billion in the first quarter ended March 31 from $19.59 billion a year earlier.
Net income fell to $2.01 billion, or $2.09 per share, from $2.33 billion, or $2.35 per share, a year earlier.
(Reporting by Narottam Medhora in Bengaluru; Editing by Sriraj Kalluvila)
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