IBM's profit falls 21% in the quarter, to $ 2.4 billion

SAO PAULO-the technology multinational IBM reported net income of $ 2.4 billion in the first quarter, with drop of 21% as compared to the same period in 2013. The result reflects the indentation of 4% in revenues, to $ 22.5 billion, due to falling sales of equipment.
Shares fall 3.8% shortly after the close of regular trading on the New York Stock Exchange, listed at $ 188,95. In the regular session, they had been devaluation of 0.31%.
Although the company remains a major supplier of equipment, software and services to large companies and Governments, IBM has struggled to respond to technological advances such as cloud computing.
The President Virginia Rometty said the company continued to take actions during the quarter to transform parts of the business and migrate to growth areas such as cloud computing, data analysis and security. "The benefits will be seen over the course of the year," wrote Virginia in a report accompanying the financial statements.
The recipe in the systems and technology unit, which encompasses the hardware business, fell 23 percent in the quarter, to $ 2.4 billion. The Unit registers indents in billing for ten consecutive quarters.
In the software segment, revenues increased 2% to $ 5.7 billion; in global technology services, was decrease of 3%, to $ 9.3 billion.