Cloud and cognitive computing fails to save IBM from 19th quarter of declining revenue

IBM yet again reported a quarter of declining revenue, making it the 19th consecutive quarter where the company has seen its revenue fall. The company from Armonk, N.Y., reported that fourth quarter revenue fell 1% from the year-ago period to $21.8bn, however, positive news came in the form of its net profit growing by 1% to around $4.5bn.