IBM’s Strategy Cannot Grow Sales, Stocks Fall 5.5%

IBM began its first quarter with a “strategic need” breakout to introduce companies like cognitive computing that it believes will shape its future. Overall, however, IBM’s sales were down compared to the first quarter of last year.

IBM revenue declined to $ 18.7 billion in the first quarter of 2016 from $ 19.6 billion in the year-ago period. The numbers make this the 16th consecutive quarter of …

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