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IBM Third-Quarter Revenue Misses Estimates on Slowing Demand

International Business Machines Corp., the biggest computer-services company, reported third-quarter sales that missed analysts’ estimates on slowing revenue growth at its software, hardware and services businesses.

Sales climbed 7.8 percent to $26.2 billion, Armonk, New York-based IBM said today in a statement. Analysts predicted $26.3 billion, the average of estimates compiled by Bloomberg.