Friday, May 18, 2007

FT.com / Companies / IT - IBM to switch focus to software division

More on IBM's metamorphosis 

IBM embarked on another stage in its transformation on Thursday by pledging to derive half of its profits from software and double its revenues in emerging markets to $9bn by the end of the decade.

The goals underline IBM’s strategy of moving further away from old-style hardware and decreasing its reliance on its large technology services arm by focusing on the high-margin market for corporate software.

Source: FT.com / Companies / IT - IBM to switch focus to software division

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