IBM earnings beat forecast

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IBM earnings beat forecast

IBM, the world’s largest computer company, has posted better-than-expected quarterly earnings after a rebound in its services and software businesses.

Second-quarter earnings, excluding the effects of a job-cut plan, the sale of its PC business and a legal settlement with Microsoft, climbed about 5 per cent, and results in most of IBM’s businesses beat investor expectations.

Read the complete story. (Reuters, Telegraph)