> ...a years-long effort by the world's first big computing firm to diversify away from its legacy businesses to focus on high-margin cloud computing. I don't

> ...a years-long effort by the world's first big computing firm to diversify away from its legacy businesses to focus on high-margin cloud computing. I don't know much about the business behind cloud computing, but is any of it genuinely high-margin? My understanding is that the industry was still growing rapidly, with products becoming somewhat commoditised, and low margins. Is this more about selling consultancy services associated with Watson?