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Update: IBM posts strong profit, shows slow software growth







Update: IBM posts strong profit, shows
slow software growth

Update: IBM posts strong profit, shows
slow software growth
07/16/2004 10:22 AM

IBM Corp. comfortably met analysts' earnings expectations for its second quarter but fell slightly short on revenue, suggesting that it, too, is feeling the effects of postponed spending. After a rash of earnings warnings from software vendors, investors were looking to Big Blue for reassurance about the sector's strength -- but while IBM's hardware and services businesses grew, its software group's revenue was essentially flat from last year, the company announced Thursday.




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Update: IBM posts strong profit, shows slow software growth

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