IBM had a below-par result as it failed to meet market expectations causing a slight correction in the stock. If we exclude the upcoming spin-off of Kyndryl, the company’s revenue growth was around 2.5% for the quarter with many of its traditional businesses such as global financing and systems showing a negative growth. The systems division in particular has struggled given the cyclically lower sales of IBM Z and Power systems. IBM’s cloud and cognitive software revenues performed well and its ....
26 Oct 2021
International Business Machines (IBM) - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 10/26
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International Business Machines (IBM) - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 10/26
- Published:
26 Oct 2021 -
Author:
Ishan Majumdar -
Pages:
14
IBM had a below-par result as it failed to meet market expectations causing a slight correction in the stock. If we exclude the upcoming spin-off of Kyndryl, the company’s revenue growth was around 2.5% for the quarter with many of its traditional businesses such as global financing and systems showing a negative growth. The systems division in particular has struggled given the cyclically lower sales of IBM Z and Power systems. IBM’s cloud and cognitive software revenues performed well and its ....