| Thread Tools |
18th October 2016, 12:11 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,462
| IBM doing a little better than expected Cloud helps out The ever shrinking Biggish Blue posted better-than-expected third-quarter revenue thanks to its moves to the cloud and analytics businesses. Since Ginni Rometty took over IBM, the outfit has attempted to shift toward more profitable areas, such as cloud services, artificial intelligence, analytics, and security. Meanwhile it has killed off its traditional hardware and services businesses. Revenue from those areas, which the company calls "strategic imperatives," rose 16 percent to $8 billion in the third quarter. Cloud revenue jumped 44 percent compared with a 30 percent rise in the second quarter, it said. Curiously though shareholders were not that impressed and were more concerned about the fact the company had reported its 18th straight quarter of declining revenue. Shares were down 3.1 percent at $150.60 in after-market trading. http://fudzilla.com/news/41871-ibm-d...-than-expected |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Micron does better than expected | Stefan Mileschin | WebNews | 0 | 8th October 2016 13:27 |
HP does better than expected | Stefan Mileschin | WebNews | 0 | 29th August 2016 05:37 |
LG did better than expected | Stefan Mileschin | WebNews | 0 | 30th October 2015 07:52 |
Microsoft does better than expected | Stefan Mileschin | WebNews | 0 | 27th January 2014 07:20 |
Nvidia does better than expected | Stefan Mileschin | WebNews | 0 | 13th May 2013 06:47 |
Big Blue doing better than expected | Stefan Mileschin | WebNews | 0 | 24th January 2013 06:22 |
iPad not doing as well as expected ? | jmke | WebNews | 2 | 28th May 2010 16:22 |
2.5 TB HDD Expected in 2010 | jmke | WebNews | 0 | 10th August 2009 13:57 |
SSD Pricedrops expected | Rutar | General Madness - System Building Advice | 0 | 29th November 2007 19:22 |
G71 to arrive later than expected | jmke | WebNews | 0 | 8th January 2006 19:04 |
Thread Tools | |
| |