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
Here's an interesting coming together of cloud minds.
StackPath has $180 million funding to offer range of cybersecurity services via subscription.
Software giant is buying an itty-bitty data center hardware expert.
Revenues and profits were down, but the global workforce keeps growing.
The controversial HB2 'bathroom law' strikes again.
Videos about IBM
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.
The IBM CEO discusses the big changes her company has made over the past few years.
The IBM and Wells Fargo CEOs explain why companies should be “disrupting themselves.”