Thus, despite a non-GAAP grossoperatingmargin of 48.1%, IBM suffered a horrible post-earnings stock price drop.
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2.
In the first quarter, both grossmargin and operatingmargin were only down slightly year over year.
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3.
They pore over lots of them grossmargin, operatingmargin, cash margin, EBIT and EBITDA margins, and on and on for clues about future profitability and shifting competitive positions.