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IBM acquires UrbanCode, releases first-quarter results

IBM Inc. announced that it had acquired Cleveland-based UrbanCode Inc., a software company, while releasing earnings reports that show a decline in net income and revenue.

IBM 3Q net earnings dip

IBM Corp., based in Armonk, reported a third quarter profit of $3.82 billion, down 0.4 percent from a third quarter 2011 profit of $3.84 billion.

IBM earnings rise; Gannett net falls

IBM’s profit and cash flow increased, but revenue was flat. Gannett suffered from weakness in advertising.