1 Headwind IBM Will Face This Year [The Motley Fool]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
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Source: The Motley Fool
The mainframe will no longer be a revenue booster in the second half. Timothy Green ( TMFBargainBin ) Apr 24, 2018 at 5:44PM International Business Machines ' ( NYSE:IBM ) return to growth after five years of declining revenue has been driven by a few different things. A weakening U.S. dollar has boosted the top line thanks to currency translation effects, the continued double-digit expansion of IBM's growth businesses has offset slumping sales in some legacy businesses, and the launch of the newest z14 mainframe system has provided a boost to the hardware business. The timing of the new mainframe system was just about perfect, coming when IBM absolutely needed to prove that it could grow. A 71% jump in mainframe sales during the fourth quarter of 2017 was enough to push IBM's total revenue, adjusted for currency, about 1% higher. Momentum cont
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