IBM recorded the highest quarterly sales growth in more than two years as sales from its cloud computing services jumped 21% to $6.5 bn in the quarter. The 109-year-old firm is now focusing on the hybrid cloud, a $1 trillion opportunity. Total revenue rose nearly 1% to $17.73 bn, beating the market avg estimate of $17.35 bn. Net income fell to $955 mn, or $1.06 per share, in the March quarter, from $1.18 bn, or $1.31 per share, a year earlier.

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