IBM's third-quarter results beat estimates on resilient software demand

By Chavi Mehta

A skateboarder passes the sign for an IBM office in Cambridge, Massachusetts, U.S., January 16, 2018. REUTERS/Brian Snyder/File photo

(Reuters) - IT software and consultancy services provider IBM reported third-quarter revenue and profit above Wall Street targets on Wednesday, buoyed by stable demand for its software solutions.

Shares of the Armonk, New York-based company rose 2% in trading after the bell.

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