IBM Eyes More Cloud Acquisitions to Find a Path to Growth
Future deals will focus on 'as a service' companies, IBM's CFO says
IBM will favor buyouts that strengthen its cloud services, the company's CFO said Tuesday, as it looks for ways to expand its business after 11 straight quarters of declining revenue.
"Most of our acquisitions will probably be on an 'as a service' basis, as opposed to an on-premise model," CFO Martin Schroeter said during IBM's quarterly earnings call, in response to a question.
"That's the nature of the market and where we have a lot of opportunity, because we don't play in some of those areas today," he said.
IDC expects government projects and re-entry of older players will drive the growth in tablet market in 2015.
- A Zinnov Study predicts that the adoption of cloud technologies will drive the growth of the Indian domestic IT market, which will touch $67 billion by 2020.
The Supreme Court reserved its verdict on a slew of petitions challenging the validity of Section 66A of the IT Act.
Location sharing may not grab your attention like a post on Facebook or Twitter, but it's a darn useful utility for keeping track of family members and friends. Microsoft's Squad Watch wants to be that app for Windows Phone, but at this stage, it's not.