(Bloomberg) — International Business Machines Corp. reported third-quarter revenue that beat analysts’ forecasts, driven by gains in its cloud offerings, an area the company will focus on exclusively after spinning off legacy business units.Earlier this month IBM announced plans to shed its division that manages corporate computer systems and go all-in on cloud services and artificial intelligence to help revive fortunes at the 109-year-old company. After two years of declining or flat revenue, IBM is hiving off the unit that handles day-to-day infrastructure service operations and accounts for about a quarter of the company’s total sales. But that business has …read more
Source:: Yahoo Finance
