The company's revenue declined year over year for the second quarter in a row, with coronavirus playing a role across multiple business lines.
The company's net income, which came out to $1.36 billion, was down 46%. However, the company improved gross margins in three of its five units, partly thanks to job cuts. IBM's total gross profit margin was 48%, up from 45.1% in the first quarter and up from 47% in the year-ago quarter.for the full year because of the pandemic.
It is ME not IBM
What are you saying? Buffet shouldn’t have sold? 🤔
Yes financial engineering will do that 🤷♂️
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Holy crap! IBM is still in business?
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