by Mike ‘Mish’ Shedlock
Today IBM reported that its sales were down yet again.
However, in the battle for positive reporting, Bloomberg reports IBM Earnings Beat Estimates as Currency Counters Sales Decline.
Curiously, when I click on that link, I see this headline: “IBM Earnings Show It’s Still Struggling With New Product Growth”
IBM reported quarterly earnings that beat analysts’ estimates, though a first-time breakdown of sales of newer offerings showed that growth in those areas still isn’t increasing fast enough to make up for a long decline in traditional products.