Thomson ReutersApril 16, 2014 20:34
By Supantha Mukherjee and Soham Chatterjee
(Reuters) - IBM Corp, the world's biggest technology services company, reported its lowest quarterly revenue in five years on Wednesday, as Big Blue struggles with falling demand for its hardware and faces challenges in growth markets like China.
Shares of IBM fell as much as 4 percent to $188.20 in after-hours trade.
Revenue for the Armonk, NY-based firm fell 4 percent to $22.5 billion in the first quarter, below analysts' average estimate of $22.91 billion.