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For IBM Earnings, It's More of the Same, So How Long Can Investors Wait?

IBM's (IBM - Get Report) third-quarter earnings are expected to show more of the same for the software and services giant, with the company putting more eggs in its proverbial high-growth basket. However, that basket won't be delivered for some time, leaving investors in stasis.

The company, which will report after the bell on Monday, is expected to earn $3.30 a share on $19.62 billion in revenue for the third quarter, according to analysts surveyed by Thomson Reuters.

IBM's second quarter demonstrated that its five key strategic areas -- cloud, data analytics, social, mobile and security -- are growing faster than the overall business, but that's been the case for some time now. The five strategic areas, which IBM hopes will generate $40 billion in annual revenue by 2018, grew 30% year over year when excluding currency fluctuations and 20% when exchange rates are factored in.

In the second quarter, Armonk, N.Y.-based IBM said...


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