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Interesting. This seems like a big bet for IBM given that they used over 70% of their cash pile to buy Redhat. That said the picture painted by this article i
by raesene9 7y ago
Interesting. This seems like a big bet for IBM given that they used over 70% of their cash pile to buy Redhat.
That said the picture painted by this article is that doing nothing wasn't an option, declining revenues is not a good picture at a time when the competition are posting record numbers...
- hodgesrm 7y ago> If all goes according to plan, IBM forecasts a sales bump of 2% over the next 5 years, but it will take 2 years before Red Hat contributes to earnings. These are not good projections. It's really hard to understand how RedHat acquisition makes any financial sense whatsoever if this is the actual effect. RH annual revenues were $3.36B for FY2019. [1] That's a tiny fraction of IBM's current revenue. [1] https://investors.redhat.com/news-and-events/press-releases/2019/03-25-2019-201454520 https://investors.redhat.com/news-and-events/press-releases/...