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IBM Revenue Beats Estimates, Buoyed by Growth in Cloud Sales

(Bloomberg) -- International Business Machines Corp. reported third-quarter revenue that beat analysts’ forecasts, driven by gains in its cloud offerings, an area the company will focus on exclusively after spinning off legacy business units.The company, which had pulled its full-year…

IBM CEO will be on the hunt for acquisitions and new businesses after spinning off services unit

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. IBM shook up Wall Street on Thursday with a plan to spin off its information technology services unit as…