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IBM experiences growing pains as hybrid cloud strategy takes shape

January 31, 2023

Via: CIO Dive

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.

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