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IBM financials squeezed but cloud, mobile, security and analytics show growth

IBM financials squeezed but cloud, mobile, security and analytics show growth

December 20, 2016

IBM has reported first-quarter (Q1) revenue of $18.7bn, down 5% compared to 2015 – its 16th consecutive quarter of revenue decline.

On a more positive note, the company stated its cloud revenuegrew 34% during Q1 2016 to $5.4bn, while sales from analytics increased 7% and revenue from mobile increased 88%.

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