International Business Machines Corp. said second-quarter profit fell 6.9% from a year earlier as revenue declined in the business units that include its cloud computing and Watson-artificial intelligence operations—two areas Chief Executive Ginni Rometty is counting on to propel the company’s turnaround. Total revenue fell for the 21st consecutive quarter year-over-year as the company works to offset waning older businesses with...

Source: Wall Street Journal July 18, 2017 20:48 UTC