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

By Munsif Vengattil and Chavi Mehta

Technology
Tuesday, 20 Apr 2021
4:37 AM MYT

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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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Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-PWHI	0.195	0.210	0.195	0.210	0.020	10.53	1,933,923
HSI-CWGI	0.170	0.170	0.155	0.155	-0.030	-16.22	1,694,255
HSI-CWGX	0.250	0.250	0.230	0.235	-0.030	-11.32	1,598,268
HSI-PWHV	0.180	0.200	0.175	0.190	0.015	8.57	1,359,737
HSI-CWGS	0.140	0.140	0.125	0.125	-0.020	-13.79	1,306,691
NEXG	0.515	0.530	0.515	0.525	0.010	1.94	901,508
FOCUS	0.010	0.010	0.005	0.010	0.000	0.00	862,275
ZETRIX	0.915	0.920	0.905	0.910	-0.005	-0.55	516,892
VELESTO	0.185	0.190	0.185	0.185	0.005	2.78	430,996
HSI-PWJF	0.140	0.150	0.140	0.145	0.005	3.57	409,901
TANCO	0.915	0.920	0.910	0.915	0.000	0.00	364,084
LCTITAN	0.700	0.730	0.675	0.720	0.015	2.13	331,592
ZETRIX-C9K	0.070	0.070	0.070	0.070	-0.080	-53.33	270,587
HSI-CWIC	0.275	0.280	0.265	0.265	0.030	12.77	163,102
PHARMA	0.220	0.225	0.215	0.220	0.000	0.00	152,066

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

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