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IBM Misses Revenue, but Outlook Is Good

April 17, 2019

Blame legacy systems and mainframes for Big Blue’s quarterly revenue decline as it continues shift to cloud and services

IBM posted its third consecutive quarter of declining revenue as sales across most of its portfolio in the first quarter of 2019 were down compared to the same period last year. While the red ink is disconcerting, IBM and analysts believe the outlook for IBM’s strategic plan — particularly after it closes the Red Hat acquisition — is positive.