(MENAFN- ProactiveInvestors)IBM (NYSE:IBM) shares will remain in focus as Wall Street trading opens after it revealed quarterly results below expectations afterhours on Monday. Post-market trading saw the hardware firm down some 5%. Revenue for the third quarter amounted to US$19.28bn down 14% on the same period of 2014 and it managed earnings of US$3.34 per share which was 9% lower than last year. Net income for the quarter was down 11% on the prior year at US$3.3bn. IBM blamed 'a pretty substantial currency headwind' for the drop in revenue. Ginni Rometty IBM chief executive highlighted continued investment by the tech giant. "We are continuing to make significant investments to build platforms around analytics cloud mobility and security that lay the foundation for a new era of cognitive business - where we see long-term value for our clients and shareholders' she said.
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