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The company, which is headquartered in Armonk, saw revenue decline .4 percent, the 22nd consecutive quarter of year over year declines. Profits fell 4.5 percent to $2.73 billion.
Despite the numbers, IBM's stock increased 5 percent in after-hours trading. IBM's stock has fallen 12 percent this year.
For an in-depth look at IBM's quarterly report, click here.
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