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IBM: Fiscal 3Q23 Financial Results

Storage declining

Here is the only sentence on storage by IBM Corp. on its earnings call transcript for 3FQ23 ended September 3, 2023: “Distributed infrastructure revenue was down 6% as compared to a strong growth in last year of 21% as we introduced innovation across storage and Power10. This quarter, we had growth in Power offset by declines in storage.”

Big Blue does not publish any figure on this business since several quarters, but apparently declining since several quarters.

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