IBM forecasts full-year profit above estimates on cloud growth
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(Reuters) - International Business Machines Corp forecast full-year profit above market expectations on Tuesday after reporting surprise growth in quarterly revenue, boosted by its high-margin cloud computing business, sending its shares up more than 4%.Revenue from the cloud business, which is crucial as IBM pivots away from its established businesses including mainframe servers, rose 21% to $6.8 billion (5.2 billion pounds) in the fourth quarter ended Dec. 31.Over the past few years, Chief..