IBM says buying Red Hat is paying off, but its revenue falls again - Business Insider

simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.

That's a good sign, one analyst told Business Insider. But another analyst said "patience is wearing thin" as IBM revenue continues to slide.IBM's stock fell sharply late Wednesday after the company reported another drop in quarterly revenue. IBM is taking aim at the hybrid cloud, in which businesses maintain networks on cloud platforms, while keeping huge chunks of their data and applications on private data centers. IBM sees that market growing to become a $1 trillion opportunity, one that it says it will dominate."Sales were up at Red Hat, even with whatever uncertainties were hanging over the company during the closing period," he told Business Insider. "That can only be a good sign.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

IBM set to report earnings after the bellIBM closed its $34 billion Red Hat acquisition in the third quarter and lowered its full-year earnings estimates.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Stocks making the biggest moves after hours: Netflix, IBM, Alcoa and moreSee which stocks are posting big moves after the bell on Wednesday.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »