27 C
Jaipur
Monday, October 26, 2020

IBM Will Split Into Two Companies By 2021 To Focus On Cloud Offerings

Must read

Chrome OS Seems to Finally be Getting a Dark Mode

According to a new report from Android Police, Google seems to finally be working on bringing a dark mode to its operating system for...

How To Get MIUI 12 Dynamic Nebula Wallpapers On Any Xiaomi Device?

Super Wallpapers, hands down, is one of the best features of MIUI 12. The 3D interactive live wallpapers of Earth, Mars, and Saturn are...

Flipkart quiz October 26, 2020: Get answers to these questions to win gifts,vouchers and super coins

Flipkart’s daily trivia questions are now live. It starts daily at 12am and continues till 12pm. Those participating in the quiz have a chance...

Planning to buy new iPhone? This is how much Apple may give you for your old iPhone or Samsung, OnePlus phone

Planning to buy new iPhones? Wonder how much exchange value you will get for your current iPhone or Samsung, OnePlus phone? Apple has detailed...

After divesting semiconductors five years ago, IBM has now announced it will handle its “managed infrastructure services” under a new name. The company, set to launch by 2021, is simply referred to as “NewCo” in the tech giant’s press release.

IBM states “NewCo” will take the reins of the managed infrastructure services sector as soon as it launches. This confidence is mainly imbued by the flux of clients the new firm is bound to receive initially, courtesy of the existing pool of IBM clients that includes 75 of the Fortune 100 companies.

Through “NewCo”, IBM plans to deliver results to its Global Technology Services’ clients, while shifting its focus to the cloud segment. This is because, as per IBM the open hybrid cloud platform holds the promise of being a $1 trillion market in the future.

IMB, on the other hand, will focus on its open hybrid cloud platform, which represents a $1 trillion market opportunity.

Source: IBM Press Release

IBM CEO Arvind Krishna, who replaced Gini Rometty earlier this year, has said that this new strategy marks a “significant shift” in the company’s operations.

Krishna also highlighted the company’s history of divestments of networking, PC, and semiconductor businesses over the past few decades, and implied the reason for the latest divestment was the same. According to him, these areas of operation didn’t “necessarily play into the integrated value proposition.”

As reported by Reuters, Moshe Katri, an analyst at Wedbush Securities, called IBM’s decision to split its operations a smart one. In Katri’s own words, the American tech firm is “essentially getting rid of a shrinking, low-margin operation … masking stronger growth for the rest of the operation.”

The post IBM Will Split Into Two Companies By 2021 To Focus On Cloud Offerings appeared first on Fossbytes.

Source link

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Chrome OS Seems to Finally be Getting a Dark Mode

According to a new report from Android Police, Google seems to finally be working on bringing a dark mode to its operating system for...

How To Get MIUI 12 Dynamic Nebula Wallpapers On Any Xiaomi Device?

Super Wallpapers, hands down, is one of the best features of MIUI 12. The 3D interactive live wallpapers of Earth, Mars, and Saturn are...

Flipkart quiz October 26, 2020: Get answers to these questions to win gifts,vouchers and super coins

Flipkart’s daily trivia questions are now live. It starts daily at 12am and continues till 12pm. Those participating in the quiz have a chance...

Planning to buy new iPhone? This is how much Apple may give you for your old iPhone or Samsung, OnePlus phone

Planning to buy new iPhones? Wonder how much exchange value you will get for your current iPhone or Samsung, OnePlus phone? Apple has detailed...

8 Ways to Check CPU Clock Speed on Linux

A CPU clock speed determines how fast your CPU can process instructions every second. It measures the number of cycles your CPU can execute,...