Yesterday after closing bell IBM (NYSE:IBM) have released their earnings report for the first quarter of 2017.
Unfortunately, IBM reported a bigger-than-expected decline in revenue for the first time in five quarters due to weak demand in its IT services.
This is not the first time that IBM are reporting a decline in their revenues and their revenue has actually dropped down for 20 quarters in a row.
In the past 60 days, IBM’s stock value has gone down for over 6% and are expected to open today’s trading with another decrease of 4.7%.
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