I.B.M. Profit Exceeds Wall Street Forecasts

International Business Machines has long been viewed as a barometer for corporate technology spending. And its second-quarter results, announced after the close of the market on Thursday, provided another encouraging sign for the technology sector. Yet I.B.M.’s performance, analysts say, is probably an indication that the company’s strategic steps in recent years are paying off, rather than a broad endorsement for the technology industry as a whole.

[via NYTimes]

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