IBM Second-Quarter Earnings Seen Continuing Slow-Growth Turnaround [Investor's Business Daily]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
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Source: Investors Business Daily
Related news IBM earnings for its fiscal second quarter are due after the market close Wednesday, as the company continues to focus on new market opportunities stemming from a long and difficult business restructuring. X The business units IBM ( IBM ) continues to build on, which it calls Strategic Imperatives, are cloud computing, data analytics, mobile services, social technologies, and security. Last year, these businesses tallied $37.7 billion in revenue, representing 47% of total IBM revenue. "While it's been an arduous, never-ending turnaround story at IBM with patience wearing thin among investors, the combination of massive cost-cutting, a myriad of sales force changes, significant investments in AI, and focus on driving Big Data, cloud and analytics sales is starting to resonate with helping the company slowly start to turn the corner with clear challenges still ahead," wrote GBH Insights analyst Daniel Ives in a note to clients. Ives has a rating of attractive on IBM s
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