From InfoWorld: IBM has reported another quarter of declining revenue and profit, though sales of its new mainframe gave it a lift.
Revenue for its second quarter was $20.8 billion, down from $24 billion a year earlier, IBM announced Monday.
The big drop is partly from IBM selling its x86 server business to Lenovo, as well as the impact of the strong U.S. dollar. Without those factors, revenue would have declined one percent, IBM said.
Net income was $3.45 billion, down 16.6 percent.
Revenue from IBM's giant Global Technology Services segment were down 10 percent to $8.1 billion. Factoring out the currency effect and the sale of the x86 server business, revenues were up one percent, IBM said.
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