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IBM stock slips on disappointing consulting and infrastructure revenue

CNBC
Summary
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88% Informative

IBM 's software business outperformed thanks to acceleration in the Red Hat business.

The consulting and infrastructure units came up short on revenue.

The company sees fourth-quarter revenue growth at constant currency that's in line with the third quarter .

IBM shares have risen by around 43% so far this year , while the S&P 500 index has gained about 21% in the same period.