International Business Machines Corp, IBM, reported second quarter net profits down 21.5% at $1,347m, on revenue that rose 3.7% at $18,183m. Mid-term net profit fell 29.4% to $2,121m on revenue that rose 4.4% at $34,742m. Net per share fell 15% to $2.51 in the quarter, 23% to $3.92 in the half.
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