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33 IBM cuts full-year sales outlook after mainframe demand drops 42 percent in Q2

The Next Web
Ana Maria Constantin @ The Next Web 1 place · today 17:18 EDT

IBM cut its full-year sales outlook on Wednesday after reporting a sharp drop in demand for its mainframe business, lowering its revenue growth target to four to five percent from a prior forecast of more than five percent. The company also trimmed its software unit guidance, with CFO Jim Kavanaugh telling Bloomberg that annual software […]
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