Wednesday, July 31, 2013

Reuters: Regulatory News: IBM cooperating with SEC on investigation of cloud revenue

Reuters: Regulatory News
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IBM cooperating with SEC on investigation of cloud revenue
Jul 31st 2013, 12:42

NEW YORK, July 31 | Wed Jul 31, 2013 8:42am EDT

NEW YORK, July 31 (Reuters) - IBM Corp said on Wednesday that it is cooperating with U.S. regulators on an investigation into how it reports revenue from its cloud computing business.

IBM said it learned of the investigation, being conducted by the U.S. Securities and Exchange Commission, in May 2013. The company made the disclosure in its quarterly report filed with the SEC.

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