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IBM sales fall for thirteen consecutive quarters

The strong US dollar and IBM's decision to move away from its hardware business both affected its performance
The strong US dollar and IBM's decision to move away from its hardware business both affected its performance

IBM has reported a fall in sales for the thirteenth consecutive quarter.

The world's biggest technology services company said revenue fell 13.5% to $20.8bn, while net profit fell 17% to $3.5bn.

The strong US dollar and IBM's decision to move away from its hardware business both hit its performance.

US sales fell 8%, while European, Middle East and African sales dropped 17%. However, its worst performance was in Brazil, Russia, India and China where sales fell 35%.