General World News

IBM is preparing to close its $34 billion acquisition of Red Hat but Wall Street has ‘real question marks’ after its ‘mediocre’ quarter (IBM, RHT)

Ginni Rometti

  • IBM missed Wall Street’s revenue expectations when it announced earnings on Tuesday, but analysts are paying close attention to its upcoming acquisition of Red Hat, which will close later this year.
  • IBM saw declines in its cloud and cognitive software unit, and analysts say this is a sign that IBM is struggling to compete in artificial intelligence, one of IBM’s flagship offerings, against other cloud vendors.
  • IBM has been betting Red Hat to improve its hybrid cloud, but analysts say Red Hat alone won’t turn IBM around, and IBM will have to do more work in both read more >>>

    Source:: BusinessInsider.Com