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IBM's results hampered by slowing hardware sales

2013-10-17 01:11:50| InfoWorld: Top News

Managing its way nimbly through times of economic sluggishness, IBM reported a 6 percent increase in profit for the third quarter even as its revenue declined. IBM's third-quarter profit was $4.0 billion, compared to $3.8 billion in the third quarter of 2012, the company announced Wednesday. Revenue was $23.7 billion, compared to $24.7 billion in the year prior.

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