IBM reported quarterly sales of $17.1 billion, beating analyst expectations as deferred infrastructure contracts recovered and software revenue grew to $7.8 billion.
International Business Machines Corp. reported sales that topped analysts’ estimates, saying it had recovered most of the infrastructure deals that were delayed earlier this year.
Its closely-watched software unit grows 8.3% to US$7.8 billion, ahead of Wall Street expectations Read more at The Business Times.
IBM stock jumped after the tech giant company reported third-quarter results that beat Wall Street expectations.
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