IBM quarterly sales growth highest in over two years on cloud strength


FILE PHOTO A man stands near an IBM logo at the Mobile World Congress in Barcelona Spain February 25 2019. REUTERSSergio Perez

FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio Perez

(Reuters) - International Business Machines Corp recorded highest quarterly sales growth in more two years and beat Wall Street targets on Monday, boosted by its bets in the high-margin cloud computing business.

Shares of the Dow component, which have gained nearly 6% so far this year, were up more than 3% in extended trading.

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