IBM is aiming to remake itself as a provider of cloud computing and data analytics, a transition that carries risks even in the best of times.
With a looming global economic slowdown and a strong dollar crimping revenue earned overseas, where IBM gets the majority of sales, the company last week lowered its full-year profit forecast, excluding some items, to $15.25 per share, plus or minus 50 cents. That compares with analysts’ average projection for...
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