'Patience is wearing thin' as IBM reports yet another quarter of falling revenues, but its $34 billion Red Hat buy is a bright spot (IBM)
- IBM shares fell late Wednesday after the company reported weaker-than-expected revenue for the third quarter. IBM also reported another decline in revenue.
- But IBM said its Red Hat acquisition is paying off, saying the software giant IBM bought for $34 billion posted a 20% gain in revenue.
- That's a good sign, one analyst told Business Insider. But another analyst said "patience is wearing thin" as IBM revenue continues to slide.
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