Most of revenue for IBM comes from consulting, which needs heavy headcount. Up to 2011 IBM was like a leader in consulting making 100+ billion in revenues a yea

Most of revenue for IBM comes from consulting, which needs heavy headcount. Up to 2011 IBM was like a leader in consulting making 100+ billion in revenues a year including all divisions , downfall started after that. It’s not even making half of it now. Accenture/Deloitte and others like Cognizant are eating its lunch. https://www.macrotrends.net/stocks/stock-comparison?s=revenue&axis=single&comp=IBM:ACN:CTSH https://www.macrotrends.net/stocks/stock-comparison?s=revenu... https://www.statista.com/statistics/269013/deloitte-revenue-worldwide/ https://www.statista.com/statistics/269013/deloitte-revenue-...