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IBM's efforts to shift to the cloud comes with profit sacrifice

It posted 11 straight quarters of falling revenue, earnings fell last year for the first time in more than a decade

Ms Rometty is trying to transform a 103-year-old company with more than US$90 billion in revenue and 430,000 employees.


FOR IBM, converting to the cloud is taking a toll. Even though it's necessary to drive future growth, the company has to sacrifice profits for now.

Chief executive officer Ginni Rometty is focusing returning International Business Machines Corp to growth through new...

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