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Cloud and big data boost IBM as it announces Apple partnership
IBM reported higher-than-expected quarterly revenue and profits last night, as it pressed ahead with its shift to higher-end businesses such as big data, cloud computing, and security and mobile services.
The business technology giant’s total revenue fell two per cent to $24.4bn (£14.3bn) in the second quarter, above analysts’ average estimate of $24.1bn. Profit rose to $4.1bn from $3.2bn during the same period last year.
On Wednesday, IBM announced a partnership with Apple to begin selling iPhones and iPads into enterprises, as well as developing business-specific applications for use on Apple’s platforms.