International Business Machines Corp posted a new 2015 profit target and quarterly revenue that both missed analysts' estimates, as the one-time world technology leader continues to grapple with its journey from low-margin hardware maker to the new world of cloud computing.Shares of IBM, which is still the world's largest technology services company, but no longer regarded as a leader in innovation, fell 1.8 percent to $154.05 in extended trading. It was the 11th straight quarter that the Armonk, New York-based company has reported falling quarterly revenue, including the effects of currency.
via Tech News Headlines - Yahoo News http://ift.tt/1E07okn
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