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IBM’s ‘Muddy’ Report Hard to Read for Software, Services, Say Analysts

A couple of folks on the Street today were assessing the take-aways for services and software of IBM’s (IBM) better-than-expected Q3 report yesterday afternoon. As discussed in a prior post, analysts covering IBM have several concerns about IBM’s results when they dig into the margins of things such as cloud computing. And those same concerns are popping up for services and software names.
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