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IBM revenue has fallen for 20 quarters — but it used to run its business very differently (IBM)





IBM shares fell sharply Wednesday after the company reported its 20th quarter of declining revenue, and earnings that were worse than analysts expected. Profits have been eroding for years as competition and the internet displaced the hardware services segments that were once its core businesses. In recent years, it’s spent a lot of its money buying back its own shares, a practice some say runs counter to innovation.

But IBM used to run its business very differently. In its heyday, profits were just one of its priorities, and for much of the 20th century, that was a formula for read more >>>

Source:: BusinessInsider.Com

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