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IBM fully recoups its $34 billion acquisition of Red Hat

IBM announced results for the first quarter of 2023. Total profit for the three months was $14.3 billion, up 0.4% from the same period in the previous fiscal year, and profit exceeded last year's by 26.5%, reaching $927 million.

According to the forecast of experts surveyed by FactSet, the company's net profit was expected to be $673.2 million and revenue would be $14.35 billion.
 
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