Shares of International Business Machines (IBM) are soaring northward this Thursday morning. The company announced that they will be spinning off the Managed Infrastructure Services unit of its Global Technology Services operation into a new public company. The tax-free deal is expected to be completed by the end of next year. Big Blue also said they see Q3 adjusted EPS of $2.58 vs. consensus of $2.58, and revenue of $17.6 billion vs. $17.56 billion consensus.
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