Intel and IBM both hit by European slowdown

Intel and IBM posted the slowest sales growth in years as the European slump weighed on orders in the last quarter.

18th April, 2012

Intel and IBM, two of the biggest US multinationals with significant operations in Ireland, posted the slowest sales growth in years as the European slump weighed on orders in the last quarter.

IBM’s revenue climbed 0.3 per cent to $24.7 billion in the period, while Intel sales rose 0.5 per cent to $12.9 billion. That was the smallest increase for either company since the third quarter of 2009, when the U.S. economy was just emerging...

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