IBM's revenue falls in Q2

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IBM's revenue falls in Q2

US technology company IBM's revenue decreased by 0.4 percent to $15.48 billion in the second quarter of this year. IBM announced its balance sheet for the April-June period. Accordingly, the company's revenue in the second quarter of this year decreased by 0.4 percent compared to the same period last year, falling to $15.48 billion. IBM had revenue of $15.54 billion in the second quarter of 2022. The company's net profit increased by 13 percent compared to the same period last year, reaching $1.6 billion. IBM's net profit was calculated as $1.4 billion in the second quarter of last year. The company's earnings per share, which was $1.53 in the second quarter of last year, was recorded as $1.72 in the second quarter of this year.