IBM Returns to Growth Thanks to Red Hat and Mainframes
2020 will be a growth year for International Business Machines (NYSE: IBM). Thanks to the acquisition of software company Red Hat and a new mainframe system, IBM sees revenue, adjusted earnings per share, and free cash flow rising this year.
IBM's full-year guidance came alongside a fourth-quarter report that beat expectations across the board. The tech giant posted an unexpected revenue increase, albeit a small one, and its bottom line exceeded analysts' projections as well.
While IBM's transformation is still a work in progress, there was a lot to like about its latest results.
Source Fool.com
