ARMONK (dpa-AFX) – The computer and software group IBM is looking to the current year more confidently than many experts expected. CEO Arvind Krishna, who wants to strengthen the software and service sector in the company, confirmed the sales forecast for the current year. According to this, the proceeds adjusted for exchange rate effects should increase by three to five percent, IBM announced on Wednesday in Armonk. Some analysts had expected the target to be lowered.
In the second quarter, revenue fell marginally to $15.5 billion. Adjusted for currency effects, this is an increase of 0.4 percent compared to the previous year – as at the beginning of the year, the increase in revenue remained below the target value targeted for the current year. The company got off to a good start in the first half, said CFO James Kavanaugh. That gives confidence with a view to the sales forecast.
Profit increased by 14 percent to 1.6 billion euros. Revenue and earnings were broadly what analysts had expected. The numbers and the confirmed forecast did not move the stock after the trading session./zb/he
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