Tech giant International Business Machines has reported better-than-expected fourth quarter profits helped by its growing software businesses though the revenues remained largely flat.
IBM's net profit was $5.83bn (€4.38bn, £3.68bn), or $5.13 per share, in the fourth quarter, up 6 percent from $5.49bn, or $4.62 per share, in the same period a year earlier.
Excluding one-time items such as acquisitions and pension costs, net profit was $6.1bn or $5.39 a share, beating analyst estimates... (Continue Reading)
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