IBM forecasts full-year profit above estimates on cloud growth

The logo for IBM is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 27, 2018. REUTERS/Brendan McDermid

(Reuters) – International Business Machines Corp (IBM.N) forecast full-year profit above market expectations on Tuesday after reporting surprise growth in quarterly revenue, boosted by its high-margin cloud computing business, sending its shares up more than 4%. Over the past few years, Chief Executive Officer Ginni Rometty has been trying to shift the company‚Äôs focus to […]

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