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The Boston Globe

Business

EARNINGS ROUNDUP

IBM results top Street estimates

ARMONK, N.Y. — IBM’s fourth-quarter earnings grew 6 percent even as revenue was largely flat, as the company benefited from growing, lucrative software businesses such as Internet-based computing and data analytics.

The results beat Wall Street’s expectations, as did the technology bellwether’s guidance for the current year. IBM’s stock increased in after-hours trading following the release of results.

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