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IBM's consulting business flat

Armonk, New York: IBM has reported 5% falls in fourth quarter and full year 2013 revenues, with senior executives offering to give up their bonuses as a result. Q4 pre-tax profit in its consulting operation, Global Business Services (GBS), increased 12% on revenues up 1% to $4.7 billion; full year revenues for GBS were down 1% to $18.4 billion.

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