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> 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
by 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/...