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IBM posts profit below expectations

By - Source: Tom's Hardware | B 0 comment

IBM, world’s largest computer company, on Thursday posted quarterly profit and revenue that fell far short of Wall Street’s expectations as it blamed difficulties in closing key deals.

In a surprise statement, the Armonk, New York-based company reported a profit from continuing operations of $1.41 billion, or 85 cents a share, in the first quarter compared with $1.36 billion, or 79 cents a share, a year earlier.

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