2 Charts Put the New-and-Improved IBM's Quarter in Perspective
If there was any doubt International Business Machines (NYSE: IBM) could ever get back on a growth track, it was just wiped away. Granted, the recent spinoff of what's now called Kyndryl Holdings helped, and last quarter's numbers are being compared to the suppressed results achieved in the fourth quarter of 2020. On a dollar-for-dollar, product-for-product basis, though, CEO Arvind Krishna's plan is working. Ol' Big Blue is fully leveraging 2019's acquisition of Red Hat to capitalize on the hybrid cloud market's incredible growth.
Two simple charts readily tell the tale.
After years of slowing revenue growth that in 2012 outright evolved into a prolonged revenue contraction, it would be understandable if you'd given up on this former titan. It may be time to give IBM a fresh look, though. Although it's taken Krishna nearly a couple of years to plot a new company course that included the spinoff of technology services that now operate under an umbrella called Kyndryl, the remainder of what he took over back in early 2020 is doing well.
Source Fool.com
