NEW YORK: IBM Corp posted a rare quarterly earnings miss as the technology services company struggled with the depreciation of the yen and a failure to close a number of major deals, especially in Europe and the United States.
Much like Oracle Corp last month, IBM blamed a poor performance by its sales force for some of the shortfall. But analysts said it was not just one quarter – the company’s sales have been weakening consistently, dragging down results with or without the changes in the yen.
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