International Business Machines Corp. ( IBM ) reported a 4.6 percent drop in quarterly revenue, which has been affected by the strong dollar and the expense of other technologies amid global economic uncertainty.
Revenue fell continuously for sixteen consecutive quarters, falling to $ 18.68 billion in revenue for the first quarter ended March 31 so that deficit was recorded last year in the same quarter were $ 19,590,000.
Net income fell to $ 2.01 billion, or $ 2.09 per share, which was $ 2.33 billion, or $ 2.35 per share, in the same period last year.
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