<p>A rebound for IBM failed to materialize in the second quarter, as profit and sales declined along with a slump in revenue from hardware and services.</p><p>However, in its quarterly financial report Thursday, the company raised its forecast for earnings per share, excluding restructuring charges, for the year.</p><p>Second-quarter net income declined 17 percent from the year-earlier period to US$3.2 billion, while revenue declined by 3 percent to $24.9 billion. Adjusting for currency fluctuations, revenue was down 1 percent.</p><p>Revenue was under the forecast of $25.37 billion from analysts polled by Thomson Reuters. However, operating earnings per share, excluding restructuring charges, was $3.91, above the analyst forecast of $3.77.</p><p><a href="http://www.pcadvisor.co.uk/news/small-business/3459369/ibm-says-profit-revenue-fell-but-raises-expectations-for-year/">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.zacks.com/stock/news/104109/ibm-beats-earnings-est-outlook-raised">IBM Beats Earnings Est., Outlook Raised</a> (Zacks.com)</p><p><a href="http://www.nationalpost.com/markets/news/Reports+2013+Second+Quarter+Results/8672684/story.html">IBM Reports 2013 Second-Quarter Results</a> (National Post)</p><p><a href="http://seekingalpha.com/article/1554232-international-business-machines-management-discusses-q2-2013-results-earnings-call-transcript?source=google_news">International Business Machines' Management Discusses Q2 2013 Results ...</a> (Seeking Alpha)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=d0oy9h8F3n0UxuMTRnNpLCNoo2SPM&ned=us">90 additional articles.</a></p>
