IBM dazzled investors with its first annual growth in 7 years, but some doubters aren’t buying the comeback story (IBM)
|01/24/2019||Posted by BusinessMediaguide.Com under General World News||
- IBM’s Q4 revenue fell 3.5% from last year, and analysts predict that IBM’s growth will remain flat.
- Investors are focusing on how IBM’s software business does, which showed some promise this quarter in Cognitive Solutions.
- Although expectations for IBM are flat, one analyst believes the negativity about IBM’s stock is “overdone.”
- As IBM prepares to close its acquisition of Red Hat, analysts are also taking note of whether acquiring another company will actually help IBM’s cloud business.
IBM’s stock got a nice lift on Wednesday, rising nearly 9%, a day after the company announced its first annual revenue growth since 2011.
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