Image Source: International Business Machines Corporation – IR presentation
By Callum Turcan
Times have been tough for International Business Machines Corporation (IBM) and its shareholders as the company’s stock price has been on a major downward trajectory since early 2013. Simply put, IBM’s legacy businesses are in decline, and that has prevented the company from posting lasting revenue growth. From 2016 to 2018, IBM’s annual revenue declined by $0.3 billion at a time when its cloud-oriented peers were doing much better.
Management has fought back by pushing through aggressive