Systems A Bright Spot In Mixed Results For IBM
October 22, 2018 Timothy Prickett Morgan
It is hard to describe a company that raked in $18.76 billion in revenues and brought $2.69 billion of that to the bottom as limping along. But watching IBM, as revenues declined by 2.1 percent, after many years of gentle declines, and profits off by 1.3 percent, it sure does feel that way sometimes.
In past years, as Big Blue crested above $100 billion in sales, its growth was limited by its total addressable market among large enterprises that can only get so large, too, as well as by the limits of its imagination for peddling wares to small and …
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