IBM: Watson, What Happened?
October 18, 2018
I read “IBM Surprises Investors with Quarterly Revenue Decline.” The write up states:
The company broke its three-quarter string of revenue growth with a 2 percent drop in total revenue to $18.76 billion, down from $19.15 billion a year ago.
The article pointed out:
Most notably, Cognitive Solutions revenues fell 5 percent, to $4.15 billion, against analyst estimates of $4.3 billion. That division, which includes IBM’s analytics business as well as the Watson cognitive computing platform, was pulled down by weakness in some horizontal categories such as collaboration, commerce and talent management.
Watson, what happened?
But IBM pointed out that it is starting to see “green shoots.” I think this means that growth is evident in some sectors.
IBM is a consulting company which still sells mainframes. Enough said.
Stephen E Arnold, October 18, 2018
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