IBM on Tuesday reported quarterly revenue growth in all divisions of the large and increased the profit forecasts for the full year, the latest sign that business in the IT sector spending continues to recover.
IBM's total revenue for the quarter ended 31 March was $ 24.6 billion, up 8 percent from the same quarter a year earlier, or up to 5 percent on the basis of constant exchange rates. Net profit after non-recurring costs climbed 10 percent to $ 2.9 billion, IBM said.
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