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0.000126395618285238 0 0.000969033073520195 0.000716241836949719 0.00307562671160741 0.00703602275121136 0.00627764904149993 0.00779439646092278
Stock impact report

IBM’s New CEO Faces a Trial by Fire [The Motley Fool]

International Business Machines Corporation (IBM) 
Last international business machines corporation earnings: 4/20 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
Company Research Source: The Motley Fool
IBM(NYSE:IBMItsnon-GAAPCOVID-9Image source: Getty Images.This marks IBM's final quarter under CEO Ginni Rometty, who was succeeded by former cloud and cognitive software chief Arvind Krishna in early April. However, Krishna could face a trial by fire over the next few quarters -- the tech giant faces tough competition in the cloud market, and brutal macro headwinds.IBM's weaknesses still outweigh its strengthsUnder Rometty, IBM divested weaker businesses and acquired stronger businesses in the cloud, analytics, mobile, and security markets. Its acquisition of Red Hat for $ billion last year marked its biggest deal ever.Rometty tried to offset the sluggish growth of IBM's legacy software, hardware, and IT services businesses with its higher-growth cloud-based businesses. But that balancing act has been tough, and its weaker businesses offset those gains during the first quarter.SegmentPercentage of Revenue (Q 00)Revenue Growth (YOY)Global Technology Services7%(%)Cloud & Cognitive Softw Show less Read more
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