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IBM Q1 revenue and profit both exceeded expectations, but software growth disappointed; stock plunged after hours | Earnings Report Insights

IBM Q1 revenue and profit both exceeded expectations, but software growth disappointed; stock plunged after hours | Earnings Report Insights

``` IBM released a first-quarter financial report with both revenue and profits exceeding Wall Street expectations, with AI demand continuing to support its business. However, the growth rate of the company’s core growth engine—the software business—failed to surpass analysts’ expectations, and the consulting business was virtually stagnant at
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