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2 Reasons IBM's Sales Will Rise in 2020

TheMotleyFool

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International Business Machines (NYSE: IBM) has been struggling to grow its revenue for years. Some of the decline has been due to divestitures, and some has been due to currency translation effects from a strong U.S. dollar. But there's no arguing that the company's transformation has been slow to bear fruit.

The good news: 2020 is shaping up to be a good year for IBM. Here's why.

IBM completed its mammoth $34 billion acquisition of software company Red Hat in July. It hasn't helped IBM's revenue much since then because of the accounting rules surrounding the deal, but that situation will resolve itself over the next few quarters.

Source Fool.com

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