IBM: net profit sum $ 18 million in the 3rd. quarter

SÃO PAULO-IBM announced on Monday the result of the third quarter, pressured by a net expense of $ 3.4 billion for the transfer of the manufacturing unit of chips for Globalfoundries, controlled by an investment fund of the Government of Abu Dhabi. Net income totaled $ 18 million, compared with earnings of $ 4.04 billion a year earlier.
Second agreement with Globalfoundries, IBM semiconductor company will pay $ 1.5 billion to take over the manufacturing operations of chips, which will continue to produce the processors used in IBM's systems.
The American technology is diminishing the participation of equipment (hardware) in its result. Earlier this month, the Chinese Lenovo completes the purchase of the unit of IBM servers, in a deal valued at $ 2.3 billion. The software and Services Division now represents the company's biggest business, although not growing much.
Total net revenue totaled $ 22.4 billion euros in the quarter, down 4% compared to the previous year. The global services segment revenue fell 3% to $ 13.7 billion, software and retreated 2%, reaching $ 5.7 billion. Hardware revenue totaled $ 2.4 billion, 15% lower than a year earlier.
"We are disappointed with our performance. We saw a slowdown in the market in September at the disposition of customers to buy, and our results also indicate the unprecedented pace of change in our industry, "wrote the Executive and Council President Ginni Rommety. "Although we have not produced the results that we expected, we had good performance in the areas of growth — cloud, data and analysis, security, and social mobility", pondered the Executive.
The company decided to leave the area of semiconductor manufacturing to focus on research and development, which will differentiate the business in the long run, says the results report.
Revenue in the Americas totaled $ 10.1 billion from July to September, down 2% compared with the same period in 2013. In the same comparison basis, revenue in the region encompassing Europe, the Middle East and Africa fell 2% to $ 7.2 billion. In Asia-Pacific, there were 9% drop to $ 5 billion.
The recipe in the Brics (Brazil, Russia, India and China) fell 7% compared to the third quarter of this year and 2013, according to the company.
(Anna Bortolozi | Value)