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IBM's Q3 Sales Miss Targets
Published Oct 20, 2011
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International Business Machines (IBM) has said its sales for the third quarter climbed 7.8% to $26.2bn, missing sales estimates for the second time in nine quarters, Bloomberg has reported. Analysts predicted $26.3bn, the average of estimates. Revenue showed slowing growth in IBM's software, hardware and services businesses. Hardware sales growth slowed to 4% from 17% in the second quarter.
Posted by
VMD - [Virtual Marketing Department]
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