Cloud Computing: IBM Poised for Growth, Chief Says
May 12, 2014
Grazed from NYTimes. Author: Steve Lohr.
This is a “rocky time” for IBM. That is the frank verdict from Virginia M. Rometty, the technology giant’s chief executive. In recent years, revenue growth at IBM has been stubbornly elusive, and new technologies like cloud computing have risen to threaten the company’s traditional hardware and software businesses.
Those concerns have weighed on the company’s stock price, which has been stagnant since Ms. Rometty took over nearly two and a half years ago. But in an interview at IBM’s headquarters in Armonk, N.Y., Ms. Rometty said she and the company now had a clear vision for how to pursue another generation of growth…
The company, she says, has jettisoned less profitable business and made major commitments in new fields — like technology to help customers find insights in today’s flood of digital data, and cloud-style computing in which processing and software is delivered remotely over the Internet. Cloud computing, she insists, can be converted to an opportunity for IBM…
Read more from the source @ http://www.nytimes.com/2014/05/12/technology/ibm-poised-for-growth-chief-says.html?hpw&rref=business&_r=0