IBM revenue falls, highlighting challenges as it shifts course
Growth in new fields may not be enough to offset erosion in its traditional business
New York
IBM is advancing rapidly into new fields such as data analytics, cloud computing and mobile applications. And while the technology company's second-quarter results showed encouraging progress in those businesses, it was not enough to translate into growth for the company as a whole.
Virginia Rometty, IBM's chief executive, declared months ago that 2015 would be a year of transformation with ambitious initiatives and formidable challenges. The second-quarter performance showed both forces at work.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Brokers’ take: DBS cuts Venture Corp price target after Q1 earnings miss
Garmin’s Q1 results beat on strong demand for fitness, auto products
Foxconn’s musical chairs sound like punk rock
US sets up board to advise on safe, secure use of AI
Regulate AI? How US, EU and China are going about It
Meta’s results are best viewed through rose-tinted AI glasses