IBM to Split, Cloud Computing New Goal

Source:- International Business Machines Corporation (IBM Inc.) announced Thursday it would split into two publicly traded companies, causing its stock value to rise sharply. IBM officials said the legacy computer firm would diversify to focus on high-margin cloud computing. IBM CEO Arvind Krishna said the timing couldn’t have been better “to create two market-leading companies focused on what they do best.” Its ongoing transition to the cloud business has been steady but heightened in 2019 when the world’s first computing

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