Software and consulting accounted for nearly three-quarters of total revenue for the 100-year-old company, which for decades dominated the mainframe computing market.
IBM rolled out its newest mainframe, the z16, in April, which helped boost z Systems revenue by 16% year over year, contributing to $4.5 in the infrastructure segment’s quarterly revenues.
Yet z16 performance was a footnote in what CEO Arvind Krishna characterized as “the first full year of the new IBM,” during the earnings call.
