Slower hardware sales hurt Big Blue's bottom line in Q3

10/17/2012 | Wall Street Journal, The

IBM saw both revenue and profits decrease in the third quarter, compared with the same period a year earlier, amid sales declines across most of its business units, marking the fifth quarter the company has failed to meet analyst targets. Observers point to Big Blue's divestiture of low-priority businesses, such as its retail point-of-sale technology unit, as contributing to the decline, which included a double-digit drop in hardware sales.

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