Big Blue Struggles With Underdog Reputation In Cloud Computing

Grazed from TheStreet. Author: Editorial Staff.

Big Blue’s future is unclear as it struggles to keep up with innovators and please investors. Its share price has dropped 11% this year, versus a 23% gain for the S&P 500 Information Technology Index. The century-old tech company has reported eight consecutive quarterly revenue declines; its annual revenue has hovered at about $100 billion since 2007.

Chairwoman and CEO Virginia Rometty has said she wants to raise IBM’s operating earnings per share to $20 by 2015. That’s a long way from what it was in 2013, when the company had operating earnings per share of $16.28, according to its 2013 annual report. Cloud computing has been the company’s big hope for growth. Cloud provides companies or individuals with the ability to share information, applications, data sets and software platforms over the Internet on a pay-as-you-use basis…

Especially useful for companies, cloud is a tool that allows employees to securely store, control and utilize applications, data and company information from emails to projects. Research firm IDC forecasts that the cloud computing market will grow to over $100 billion industry by 2017…

Read more from the source @ http://www.thestreet.com/story/12757066/1/big-blue-struggles-with-underdog-reputation-in-cloud-computing.html