IBM Raises Software Outlook and Beats Earnings
IBM reported third-quarter revenue and profit that beat analyst estimates as delayed software deals successfully closed. The company raised its annual software revenue growth forecast to between 7% and 8%.
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INTL BUSINESS MACHINES CORP raised its annual software revenue outlook to 7% or 8% on Wednesday evening after reporting better-than-third-quarter earnings. The upgraded forecast follows delayed software deals closing during the late evening. The rebound eases investor concerns following previous restructuring pressures.
