IBM's revenue rises for the first time in nearly six years

(Reuters) - International Business Machines Corp's
IBM's revenue rose 3.6 percent to $22.54 billion in the fourth quarter ended Dec. 31, increasing for the first time in 23 quarters.
However, the company posted a net loss of $1.05 billion, or $1.14 per share, compared with a profit of $4.50 billion, or $4.72 per share, due to a $5.5 billion charge related to the recently enacted U.S. tax reform.
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Maju Samuel)
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First Published: Jan 19 2018 | 2:49 AM IST
