Another quarter, another revenue slide for the tech behemoth. Indeed, IBM recently reported its sixteenth straight quarter of declining sales, which puts CEO Ginni Rometty in a tough spot with investors. The long-time IBMer is trying to shift the attention to the 104-year-old company’s newer businesses: cloud computing, mobility, analytics, and security as well as bold partnerships and acquisitions. (Its latest splurge was on data company Truven Health Analytics, which it is buying for $2.6 billion.) But the growth hasn’t been enough to offset the massive declines in Big Blue’s traditional businesses. Last year’s revenue, which came in at $82.5 billion, represented a more than 12% drop from the year before.
News about IBM
And how to fix them.
It has something to do with Salesforce.com and Workday, among other business apps.
Mission: To show the whole is greater than the parts.
Videos about IBM
Less than half are CEOs.
We sit down with Caleb Barlow, VP of security for IBM, president of North America for the Wrigley Co., Casey Keller, and the CEO of Gusto.