IBM reveals profits warning

IBM has shocked investors by warning of a shortfall in its first-quarter profits.

IBM reveals profits warning
Tue, 09 Apr, 2002 - 08:51

IBM has shocked investors by warning of a shortfall in its first-quarter profits.

The company says its first-quarter revenues will be around £13 bn (€21bn) down from £14.5bn (€23.7bn) a year earlier.

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<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

Profits rise to €19.8m at Cork-headquartered PFH Technology

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