IBM’s painful transition is far from over

IBM announced its quarterly earnings today, and as many analysts expected, the technology giant posted its 16th quarter in a row of falling sales, when compared to the same quarter the year before. IBM’s revenue for the first quarter of the year was $18.7 billion, down about 5% from a year earlier, the company said in a release. The company is in the midst of realigning its businesses. CEO Ginni Rometty is attempting to return the IBM to profitability with a series of initiatives, which she calls “strategic imperatives,” that include cloud computing, analytics, and its artificially-intelligent cognitive-computing software, Watson. IBM has been in the process of shifting away from its declining and expensive hardware and services divisions, and it’s been reported that the company recently ramped up layoffs in…

Link to Full Article: IBM’s painful transition is far from over

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