We all know that IBM is a top most American multinational technology and consulting corporation with its headquarters in ARMONK New york. IBM manufacture computer Hardware, middle ware and software and offers infrastructure , hosting and consulting services in areas ranging from mainframe computers to nanotechnology. The company founder Charles Ranlett Flint the company originated in 1911 as CTR computing Tabulating recording company but in 1924 it was rename by Thomas J Watson as IBM.. now IBM is on Acquisition spree..
According to seeking alpha it has made 12 acquisition this year , IBM is third quarters revenue decided 13.9 over the year to $19.3 billion failing short of the markets exception of the $ 19.6 billion EPS OF $3.34 was , however a head of the streets projection of $ 3.30.
During third revenue from its strategics, imperatives of the could, analytic social mobile and security grew 27% and 30 % year to date cloud revenue grew 65% year to date and analytic grew 20% year to date security. Business expects them to represent more than 40% of the company business by 2018 or revenue of about $40 billion compared to $25 billion for 2014..
IBM recent accusation namely strong loop, in 2015 IBM have 10 Acquisition till now. The majority of its acquisition was cloud be space. According to IBM’s CEO Ginny Romety will guidance the company which has devastated and sold off business will again considered slow growth and invested significantly in rapidly growing cloud based business. According to a source IBM is increasingly focused on and relaying substantially on “strategic imperatives” such as cloud , big data or data analysis mobile social and security businesses, this is to compensated for its weakness in it and all software and hardware business.