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IBM Posts 5% Sales Growth Amid Sector Retreat | ByteBrief

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AIBloomberg Techabout 2 hours ago

IBM Posts 5% Sales Growth Amid Sector Retreat

1 min read

International Business Machines Corp. shares fell in premarket trading Thursday as 5% sales growth failed to offset broader tech sector concerns. IBM has declined 15% this year through Wednesday's close amid a broad retreat from riskier assets.

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More to chew on!

Financeabout 16 hours ago

IBM reports Q3 revenue up 5% YoY to $17.1B, above $16.82B est., net income up 26% to $2.19B, software revenue up 8% to $7.8B, and infrastructure revenue up 4% (Elias Schisgall/Wall Street Journal)

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