International Business Machines Corp edged past Wall Street estimates for quarterly revenue, bolstered by higher demand for its cloud services, a business it is staking its future on as it prepares to spin off one of its legacy units. IBM shares, however, fell 3% after the company stayed away from issuing a forecast for the current quarter.
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Tuesday, October 20, 2020
IBM posts double-digit cloud revenue growth; says customers deferring some projects
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