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This Crucial Part of IBM Grew by 77%

Timothy Green, The Motley Fool
·3 min read
This Crucial Part of IBM Grew by 77%

International Business Machines (NYSE: IBM) reported generally positive second-quarter results. Both revenue and adjusted earnings came in ahead of expectations, with double-digit constant currency sales growth in the software, consulting, and infrastructure segments. Changes in currency exchange rates will knock off around 6 percentage points of revenue growth for the full year, and the company trimmed its free cash flow outlook a bit to approximately $10 billion.

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