Wake-Up IBM: OpenText Offers Lessons on Cloud Computing
October 27, 2014
Grazed from CMSWire. Author: Editorial Staff.
You can almost see it. An overweight IBM sits at the back of the cloud class while the teacher gives out prizes for cloud movement. OpenText gets a full set of gold stars … IBM a terse note saying it could do much better. If you hadn’t seen already, OpenText reported its financial results for the first fiscal quarter last night.
In a consistently difficult global economic situation, it has managed to double its revenues on the back of its cloud computing initiatives. Compare this with IBM’s dismal news earlier in the week. Despite the fact that it sees cloud computing as one of its future growth stimuli, IBM is not growing fast enough for investors…
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