Cloud Services Spur Strong Quarter from IBM

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IBM enjoyed a strong financial quarter, thanks largely to the cloud. The company, which in recent years has shifted toward cloud-based services and data analytics, saw revenue rise 12%.

Cloud revenue specifically jumped 30%, spurring IBM to beat analyst expectations. However, total revenue dropped nearly 3% to $20 billion. It marked IBM’s 17th straight quarterly revenue decline.

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IBM Bets Big on Cloud to Stay Competitive

 

 

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