. IBM’s revenue amounted to 19.226 billion dollars the third quarter of 2016, which is approximately equal to the third quarter of 2015, equal to 19.280 billion dollars.
Net income for the quarter was 2.853 billion dollars, slightly less than a year earlier, equal to 2,950 billion dollars. Gross profit for the year fell from 48.9% to 46.9%.
All IBM assets as of the end of the quarter is estimated at 115.606 billion dollars. A year ago, this figure was 110.495 billion dollars. The current assets amount to 41.433 billion dollars, of which cash and cash equivalents account for 9.039 billion dollars.
The manufacturer notes that the promising areas of activity have provided over the last 12 months 40% of revenue. In the third quarter they brought $ 8 billion, which is 16% more compared to the same period of 2015.
Source: the IBM