IBM sales up but quarterly profit down


  • Business
  • Saturday, 18 Jan 2003

NEW YORK: Technology giant IBM Corp has posted a drop in quarterly profit for the sixth quarter in a row, but said computer services revenue had risen after it bought PricewaterhouseCoopers Consulting. 

Big Blue also said it would meet Wall Street estimates for earnings and revenue in the first quarter and, provided there was “modest growth” in technology spending this year, would hit 2003 numbers as well. 

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