IBM Reports Higher Revenue, Profit Down

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International Business Machines Corp. posted its second consecutive quarter of higher revenue after nearly six years of declines, a sign that Chief Executive Ginni Rometty’s slow-moving turnaround may be taking hold.

Revenue in the quarter rose in all of the company’s major business units. Still, the results underscored the fragility of IBM’s shift from older businesses supplying on-site technology to faster-growing businesses based on cloud computing.