Six months ago back in October, IBM reported what seemed to be encouraging results. Though revenues at the company were down for the eighteenth consecutive quarter, they were so by the slimmest of margins, just -0.3%. For Big Blue, that had been the best revenue comparison since the first quarter of 2012 back when global recovery was the most plausible. [...]
The big news of the day had nothing to do with Janet Yellen, which was entirely appropriate given both her stance on the economy and anything she could possibly, realistically do about it (nothing). Apple reported results that were shocking in many ways, though not necessarily unexpectedly so. Last quarter, CEO Tim Cook had warned that the business had shifted. [...]
Some good results from Big Blue in an extremely tough environment. Across the board there was strength in the key areas, including 80% growth in cloud computing (a segment we want to see IBM as a leader). In terms of numbers, EPS growth was 10% for the full year, to $14.37, while net profits rose 5% (the difference is the [...]
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