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Wednesday, July 20, 2016

Armonk-Based IBM Reports Losses, Possible Layoffs

Even as IBM Corp. officials report that the Armonk-based global technology firm is making gains in the areas of analytics and cloud technology, concern is growing after the company posted revenue losses for the 17th straight quarter, and hinted at future layoffs, according to multiple reports. The massive consulting and technology company with offices throughout New York, posted revenue of $20.2 billion for the second quarter, which is down about 2.6 percent from last year.
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