IBM sees 2.8% drop in revenue in June quarter
Technology services company IBM reported a total revenue of $20.24 billion for the June quarter, a 2.8% drop against the previous year. The company's net income fell 27.4% to $2.50 billion as against $3.45 billion for the corresponding period last year. The company's global business services revenue including consulting, slid 2%, while that from its systems unit dropped 23.2%.