(Bloomberg) -- IBM is aiming to remake itself as a provider of cloud computing and data analytics, a transition that carries risks even in the best of times.

With a looming global economic slowdown and a strong dollar crimping revenue earned overseas, where International Business Machines Corp. gets the majority of sales, the company lowered its full-year profit forecast, excluding some items, to $15.25, plus or minus 50 cents. That compares with analysts’ average projection for a profit of $15.68 and IBM’s previous outlook for $15.75 to $16.50.

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