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IBM’s precarious tightrope walk continues

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Evelyn Fowler
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Yes, the new initiatives are growing pretty healthily, but it would appear not fast enough to compensate for the fast sinking legacy ship.

Overall the business declined year-on-year, for the 21st consecutive quarter, with revenues down to $19.3 billion, representing a 5% dip.

But then the Strategic Imperatives unit, comprised of cloud, analytics, social, mobile and security, is up 5%, now accounting for 45% of total revenues.

This is a trend going the right direction, it only accounted for 42.8% last quarter, but there might be a worry in some quarters that growth is not fast enough.

This trend of course would not worry the stronghold of IBM executives.

Like every management team, they are naturally gifted in the art of spin.

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Evelyn Fowler
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