IBM Warns of $3.5 Billion Forex Hit as Quarterly Earnings Beat Estimates

IBM announced that it had beat quarterly revenue expectations on Monday. However, the 110-year-old IT firm warned that foreign exchange could cause a revenue hit of 6 percent this year on the back of a strong dollar. Other firms like Microsoft and Salesforce have also tempered expectations thanks to a hawkish Federal Reserve and heightened geopolitical tensions that h...

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