I'm old enough to remember when IBM was a hardware company...
IBM stock slips after revenue shortfall | CNBC
"IBM has changed its reporting structure for the first-quarter earnings report. The company no longer has a Technology Services & Cloud Platforms segment. Now it has Cloud & Cognitive Software and Global Technology Services business segments. The company’s consolidated results are unchanged.The new segment structure (from IBM's 1Q 2019 Earnings presentation [pdf]):
IBM’s Global Technology Services segment, the biggest segment in the new reporting structure, produced revenue of $6.88 billion, down 7 percent year over year. It includes infrastructure and cloud services, along with technology support services.
The Cloud & Cognitive Software segment -- which contains cognitive applications, cloud and data platforms and transaction processing platforms -- came out to $5.04 billion in revenue, down 1.5 percent."
I’m old enough to remember when IBM put the customer and employee before the share holder. Get the first two right and the results will keep shareholders happy.
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