International Business Machines Corp on Tuesday reported a surprise rise in revenue, its first in six quarters, benefiting from its high-margin cloud computing business. Revenue from the cloud business, which is crucial as IBM pivots away from its established businesses including mainframe servers, rose 21% to $6.8 billion in the fourth quarter ended Dec. 31. Over the past few years, Chief Executive Officer Ginni Rometty has been trying to shift the company’s focus to the cloud through acquisitions and also by selling some of IBM’s legacy businesses. …read more
Source:: Yahoo Finance
