Unlucky 14 at IBM

International Business Machines’ revenue fell for the 14th straight quarter, hurt by a strong dollar as the company sold certain lowmargin businesses.

IBM’s net income from continuing operations fell to $2.96 billion, or $3.02 per share, in the third quarter ended Sept. 30, from $3.46 billion, or $3.46 per share, a year earlier.

Revenue fell 13.9 percent, to $19.28 billion. Revenue that was adjusted for currency and divestitures fell 1 percent.