IBM: Spend Optimization Opportunities at Year End
Steven Zolman
Dec. 5,2018 | Mainframe Cognitive Transformation IBM CloudWe are still waiting for the great IBM turnaround led by Ginny Rometty since her installment as CEO in 2012. IBM has pinned its turnaround on Watson AI, Blockchain and now “Hybrid Cloud” with the RedHat acquisition. IBM’s “turnaround” has resulted in 22 out of 25 quarters of declining earnings. To be fair, it’s the last three quarters that have shown growth, not driven by its strategic imperatives but rather has been provided by (drum roll please) – mainframe. Yes, the good old mainframe, with upgrades and increased storage needs driving strong revenue in Q2 and Q3. How the mighty have fallen, or better said, continue to fall as we have ...
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