IBM Posts 5% Sales Growth, Says Infrastructure Deals Came Back

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IBM Posts 5% Sales Growth, Says Infrastructure Deals Came Back
Takeaways by Bloomberg AI
International Business Machines Corp. reported sales that topped analysts’ estimates, saying it had recovered most of the infrastructure deals that were delayed earlier this year.
Sales increased about 5% to $17.1 billion in the quarter ended Sept. 30, the company said Wednesday in a statement. IBM’s infrastructure unit, which includes mainframe servers, expanded 4% to $3.7 billion. Both were ahead of analysts’ average projections, according to data compiled by Bloomberg.

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