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December 2, 2008 6:37:04 AM CST



IBM First Quarter Profits Jump 26%

Posted Apr 17, 08 4:39 AM CDT in Business 

(Newser) – Bellwether IBM posted a 26% spike in profits for the first quarter, proving that some tech companies are escaping the fallout from the economic downturn. The gains include a 6% increase in American revenue to $9.9 billion and are attributed to corporate customers buying products and services designed to improve productivity or cut costs, reports the Wall Street Journal.

Source Wall Street Journal

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IBM stock rose after reporting a 26% increase in profits despite the economic slowdown.   (AP Photo/Henny Ray Abrams)
IBM reported a 26% increase in profits despite the economic slowdown.   (AP Photo/Mark Lennihan, file)
The entrance to the IBM manufacturing plant in Essex Junction, Vt. IBM reported a 26% increase in profits despite the economic slowdown.   (AP Photo/Toby Talbot)
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