(Bloomberg) -- International Business Machines Corp., the world’s biggest computer-services provider, forecast profit that exceeded analyst estimates as the company shifts to data analysis and cloud computing.
Earnings in 2013 will be at least $16.70 a share, Armonk, New York-based IBM said in a statement. That compares with the $16.64 average estimate of analysts tracked by Bloomberg. Fourth-quarter profit, excluding items such as amortization and pension costs, rose to $6.1 billion, or $5.39 a share.
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