Another quarter, another revenue slide for the tech behemoth. Indeed, IBM reported its twentieth straight quarter of declining sales, which puts CEO Ginni Rometty squarely in the hot seat. A longtime employee of the company, Rometty is working to shift attention away from IBM’s declining businesses and toward its “higher value” opportunities, including cloud computing, artificial intelligence, mobility, analytics, and security. (The company has made several acquisitions to that end.) But 104-year-old IBM is a big ship to turn, and it’s going to take more than green shoots in its cognitive computing division to change course.
Looking for leads, investment insights, or competitive intelligence?
News about IBM
Regulators are getting aggressive with tech giants—and the fines can be steep.
Most people would give up their loyalty to something better.
The S&P 500 tech sector set a record closing high.
IBM dragged, serving as a tech stock outlier. Energy and health sectors advanced.