Technology
IBM Australia’s net profit takes a hit after $41M tax bill – ARNnet
IBM Australia’s net profit slid from $109.1 million to $89.7 million for the financial year ending December 2020 after forking out $41 million for a tax bill.
IBM Australia’s net profit slid from $109.1 million to $89.7 million for the financial year ending 31 December 2020 after forking out $41 million for a tax bill.
Revenue slipped from $2.58 billion in 2019 to $2.39 billion in 2020, according to the latest financial report filed by the company with the Australian corporate regulator.
By segment, revenue from within its global technology services unit significantly dropped from $1.03 billion to $868.4 million while ‘intercompany’ services and sales…
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