IBM Revenue Collapse Is Now Worse Than During Peak Of The Financial Crisis

– IBM Revenue Collapse Is Now Worse Than During Peak Of The Financial Crisis (ZeroHedge, July 20, 2015):

The reason IBM stock is currently sliding and dragging down the broader Dow Jones future with it is that with Q2 revenues of $20.8 billion, the company not only missed expectations, but was a plunge of 13.4% from a year ago: a drop that surpasses the biggest revenue drop recorded during the peak of the financial crisis! This is also 13 consecutive quarter of declining Y/Y revenues.

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