IBM Sales, Profit Take Big Dip

ARMONK, N.Y. – Armonk-based IBM experienced a sharp decline in profits and sales during the third quarter, leading some to wonder if IBM can keep up with a changing market, reports the New York Times.

IBM announced Monday it experienced lower profits and sales for the third quarter.
Photo Credit: *File photo*

Nicole Briggs

10/20/2015 12:00 p.m.

Analysts say IBM is struggling to offset the loss of some of its software, hardware and services businesses – the company’s software business revenue dropped 3 percent and its net profit dropped 14 percent.

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