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IBM Reports 22nd Consecutive Quarter Of Declining Sales, “Beats” EPS On Drop In Effective Tax Rate

Last quarter, IBM – once again – almost fooled the market when it “beat” but only thanks to using the lowest (until then) effective non-GAAP tax rate in recent history (excluding one charge-filled quarter when the rate was negative and thus N/M). Fast forward to this quarter when IBM has done it, or at least […]