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The Economic Times
The Economic Times
Technology

IBM falls as analysts question staying power of software rebound

IBM Arvind Krishna

IBM shares fell 6.5% in premarket trading on Thursday, as analysts said part of the company's third-quarter software rebound was driven by deals delayed from the previous quarter, raising questions about how sustainable the boost would be.

About $250 million of IBM's software growth in the quarter came from deals pushed out of the second quarter, and the improvement was more modest without them, BofA Global Research analysts said

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