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IBM Is Still an Awful Company – Darlinez News

<p>&lbrack;ad&lowbar;1&rsqb;<&sol;p>&NewLine;<div>&NewLine;<p>International Business Machines Corp&period; &lpar;NYSE&colon; IBM&rpar; has &OpenCurlyDoubleQuote;recovered” from years of decline under CEO Ginni Rometty &lpar;2012 to 2020&rpar;&period; She presided over quarter after quarter of falling revenue&period; Under new CEO Arvind Krishna&comma; revenue growth has returned&period; However&comma; once one of the world’s largest companies and owner of among the world’s greatest brands&comma; IBM has become a third-tier tech company&period;<&sol;p>&NewLine;<p>In the most recent quarter&comma; revenue rose 6&percnt; to &dollar;14&period;1 billion&period; IBM lost &dollar;3&period;2 billion&period; Compare that to Apple&comma; which made &dollar;19&period;4 billion in net income during its most recent quarter&comma; on revenue of &dollar;83&period;0 billion&period;<&sol;p>&NewLine;<p>IBM always has obscured the size of its cloud revenue&comma; based on how it shows up in the P&amp&semi;L statement by division&period; It said &OpenCurlyDoubleQuote;hybrid cloud” revenue was &dollar;22&period;2 billion over the past 12 months&comma; or about &dollar;5 billion a quarter&period; Amazon’s AWS cloud operation had almost &dollar;20 billion in revenue in the most recent quarter&period;<&sol;p>&NewLine;<p>IBM’s current market capitalization is &dollar;110 billion&comma; well short of Apple’s &dollar;2&period;31 trillion&comma; Microsoft’s &dollar;1&period;76 trillion and Amazon’s &dollar;1&period;17 trillion&period;<&sol;p>&NewLine;<section id&equals;"email-subscribe" class&equals;"section section-email-sub single-email-sub"><&excl;-- div&period;svg-icon --><&sol;p>&NewLine;<div class&equals;"container">&NewLine;<div class&equals;"subscribe-message" style&equals;"line-height&colon; 1&period;3&semi;">&NewLine;<p>Get Our Free Investment Newsletter<&sol;p>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;<&sol;section>&NewLine;<p>In the most recent Kantar Global Brands list &lpar;2022&rpar;&comma; the Apple brand was worth &dollar;947 billion&period; Amazon was worth &dollar;706 billion and Microsoft worth &dollar;611 billion&period; But IBM was worth &dollar;97 billion&comma; just ahead of Instagram at &dollar;92 billion&period;<&sol;p>&NewLine;<p>In 1970&comma; IBM ranked fifth on the Fortune 500&period; Last year&comma; it ranked 49th&period;<&sol;p>&NewLine;<p>IBM’s stock price has fallen 20&percnt; in the past five years&period; The S&amp&semi;P 500 is up 44&percnt;&comma; and Microsoft is 200&percnt; higher&period;<&sol;p>&NewLine;<p>IBM has become an afterthought in the tech world&period; It does not stand out in any category&period; Those things will not change&period;<&sol;p>&NewLine;<div id&equals;"smartasset" style&equals;"margin-bottom&colon; 1em&semi; margin-top&colon; 1em&semi;">&NewLine;<p><b>Sponsored&colon; Tips for Investing<&sol;b><&sol;p>&NewLine;<p>A financial advisor can help you understand the advantages and disadvantages of investment properties&period; Finding a qualified financial advisor doesn’t have to be hard&period; SmartAsset’s free tool matches you with up to three financial advisors who serve your area&comma; and you can interview your advisor matches at no cost to decide which one is right for you&period; If you’re ready to find an advisor who can help you achieve your financial goals&comma; get started now&period;<&sol;p>&NewLine;<p>Investing in real estate can diversify your portfolio&period; But expanding your horizons may add additional costs&period; If you’re an investor looking to minimize expenses&comma;&Tab;consider checking out online brokerages&period; They often offer low investment fees&comma; helping you maximize your profit&period;<&sol;p>&NewLine;<&sol;div>&NewLine;<p><&excl;-- &num;post-footer--><&sol;p>&NewLine;<&sol;div>&NewLine;

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