Intel and IBM Face the Slowest Sales Growth

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

IBM’s revenue climbed 0.3% to $24.7bn in the period, while Intel sales rose 0.5% to $12.9bn, the smallest increase for either company since the third quarter of 2009, when the US economy was just emerging from recession.

Analysts said the two technology giants are seeking growth in emerging markets while coping with a slowdown triggered by the European debt crisis, as Bloomberg stated.