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IBM profit margins shrink again in shift to cloud computing

Operating gross profit margin for Q3 misses average analysts' estimate of 50.1%
Wednesday, October 19, 2016 - 05:50
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The company now has 49 data centres, having added two new ones in the third quarter in South Korea and Norway, says Mr Schroeter.

New York

INTERNATIONAL Business Machines Corp said profit margins shrank for the fourth quarter in a row, underscoring the technology company's challenge in shifting to more subscription-based software and cloud services.

Operating gross profit margin in the third quarter was 48