IBM plans to spin off its legacy infrastructure unit into - Techzine Europe

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IBM announced that it plans to spin off its $19 billion managed infrastructure services unit into a separate company by the end of next year. Arvind Krishna, the CEO, said that the spin-off would free up IBM so the parent company can focus on higher margins and higher growth in the hybrid cloud market. The company's focus needs this narrowed vision, as Krishna believes that IBM will be on a better revenue growth trajectory as it chases the $1 trillion hybrid-cloud goal. "IBM has always transformed to fit the times and help clients move from one technological phase to the next," he wrote in a blog post. Arvind believes that the ultimate IBM goal is the through-line that connects all the significant moments that mark its history.

  Country: Europe (0.49)
  Genre: Press Release > Financial News (0.39)
  Industry: Information Technology (1.00)
  Technology: Information Technology > Cloud Computing (0.87)