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IBM expects hardware business to stabilize in 2014: CFO

14
May
2014

By Marina Lopes NEW YORK (Reuters) – International Business Machines Corp expects its hardware sector to stabilize in 2014 and will maintain forecasts for earning per share of $20 by 2015, its chief financial officer told investors at a briefing on Wednesday. The comments come less than one month after the worlds largest technology service company reported its lowest quarterly revenue in five years, weighed by sluggish global demand for its hardware services, which plunged 23 percent in the first quarter of 2014. \Quite frankly, we are seeing very good growth out of software, good growth out of services, but challenges in hardware,\ said CFO Martin Schroeter.

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