IBM Q3 revenue rises, but signs of downturn loom

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IBM Q3 revenue rises, but signs of downturn loom

IBM on Thursday reported third-quarter revenue of $25.3 billion, up 5% from the year before, but also said hardware sales and new service contract signings had slowed. Net income grew by 20% to $2.8 billion, with earnings per share increasing 22 percent to $2.05. Analysts polled by Thomson Reuters had on average predicted earnings of $2.03 per share, with about $25.9 billion in revenue.

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