IBM Says Strong Dollar to Crimp 2015 Revenue More Than Expected
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IBM, which gets more than half its sales from overseas, said the impact of foreign-currency exchange rates will be greater this year than the technology-giant had previously anticipated.
International Business Machines Corp. expects currency swings to drag on revenue growth by more than seven percentage points in the first quarter, the company said Thursday in a filing. For the full year, the impact will be more than six percentage points, up from a prior forecast of five to six points.