Technology company IBM reported a net profit in US dollars in the first quarter 923 million (about 842 million euros), up 26% from the same period in the previous year, thanks in large part to better profit margins.
The Armonk (New York, USA)-based company invoiced $14.252 million between January and March, up just 0.4% over the previous year, but its margins improved and its expenses decreased by about 4%.
Although IBM’s earnings were somewhat lower than expected, its accounts are better than markets expected and its shares are up more than 3% in this time in after-hours electronic trading on Wall Street, ending the day down 1.14%.
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said in a statement issued by the company’s President and CEO, Arvind Krishna.
By segments, IBM invoiced $5.9 billion for software, with growth in important businesses such as cloud; While it received $5,000 million for its advisory services and $3,100 million for infrastructure.
Looking into the remainder of the year, the company expects revenue growth of 3-5% in constant currencies, and to remain flat if current exchange rates are taken into account.
EFE
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