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IBM Keeps Sinking

Stock quotes in this article: IBM , SNE , MSFT , NTDOY  

Updated from 7:29 a.m. EST

A big earnings beat cut no ice at IBM (IBM Quote) Friday, as shares sank nearly 5% despite a strong fourth-quarter performance in software.

Software demonstrated its fastest revenue growth rate in five years, CFO Mark Loughridge said on a conference call with financial analysts, with sales totaling $5.65 billion, growing 14% (11% at constant currency) from the same period last year. ...

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