No growth?:: IBM's results still raised questions as to when revenue would grow.
International Business Machines Corp reported its 19th straight quarter of declining revenue, but forecast full-year earnings above Wall Street estimates due to growth in newer areas such as cloud-based services and analytics.
However, investments to drive growth in the cloud business and the company's shift to a subscription-based as-a-service model hit its operating gross margin by 1.8 percentage points to 51% in the fourth quarter.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
