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IBM revenue slide continues in Q4 2020


SVP and Director at IBM Research Arvind Krishna speaks on stage during the 2016 Wired Business Conference in New York on June 16, 2016.Brian Ach | Getty ImagesIBM shares moved as much as 7% lower in extended trading on Wednesday after the company reported fourth-quarter revenue that fell short of analysts’ expectations.Here’s how IBM performed:Earnings: $2.07 per share, adjusted, vs. $1.79 per share as expected by analysts, according to Refinitiv.Revenue: $20.37 billion, vs. $20.67 billion as expected by analysts, according to Refinitiv.Revenue fell 6% on an annualized basis, the fourth consecutive quarter of declines, according to a statement. Revenue had not fallen so sharply in …

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