There is some much-needed excellent news to report for shareholders of considered one of America's
There is some much-needed excellent news to report for shareholders of considered one of America’s most storied corporations.
Shortly after sealing the $34 billion acquisition of Purple Hat again in July, IBM (NYSE: IBM) predicted the open-source software program supplier would generate $350 million in revenues in its first full post-merger quarter. The precise quantity: $371 million.
That contribution helped third-quarter revenues from Large Blue’s cloud and cognitive software program unit rise 6.4% to $5.three billion.
That is the excellent news. For many who might not be acquainted, the Purple Hat acquisition is considered one of a lot of strikes Large Blue has made lately to remake itself.
The unhealthy information: Sadly, it wasn’t sufficient to offset weak point elsewhere, most notably within the core international know-how companies division.
Can Large Blue Lastly Flip It Round?
General gross sales for…