International Business Machines Corporation [NYSE: IBM] gained 0.21% or 0.29 points to close at $140.76 with a heavy trading volume of 2860162 shares. The company report on October 13, 2021 that Virgin Megastore in Saudi Arabia to Accelerate Digital Transformation with IBM and SAP. The major entert
IBM is scheduled to report its fiscal Q1 2021 results on Monday, April 19. We expect IBM to beat the consensus estimates for revenues and earnings. The company has reported better than expected earnings figures in each of the last four quarters while revenue beat consensus in two of the last four.
Despite Fortune ranking it among some of the top tech firms, International Business Machines’ (IBM) revenues have declined for ten consecutive years. During this period, IBM’s legacy businesses struggled, and the stock looked like the definition of a value trap. However, IBM could be on the cusp of a transformation. The spin-off of the managed infrastructure services division, a business that has weighed on results, will occur by year-end. Bulls believe that once the divestiture is complete, IBM’s cloud and block chain businesses will drive growth. What We Need To Know About The Spin-Off By the end of 2021, IBM will spin off a sizable portion of its managed infrastructure services business to focus on cloud computing. Currently referred to as “NewCo,” the divested assets provided $19 billion of IBM’s $72.5 billion in revenue in FY20. However, that $19 billion is the result of lower margin, slow growth businesses, and as such, IBM will have more
The Bear Case for IBM Is More Compelling Than the Bull Case yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.