21 Apr 2009

IBM net profit down 1%

9:03 am on 21 April 2009

First quarter net profit at IBM fell 1% to $US2.29 billion. Revenue declined by 11% to $US21.7 billion. The fall was more than expected.

IBM shares fell 2% in after-hours trading on Monday to $US98.45, after closing at $US100.43 on the New York Stock Exchange.