News
News
IBM Driving to Lower Cost Model
PALO ALTO, CA -- IBM recently held an analyst meeting in New York that provided an update on the company's view of IT spending trends, an overview of its strategic positioning, actions it is implementing to take advantage of market opportunity, a recap of the 1Q miss, and an update on recent business trends.
According to Deutsche Bank analysts, the actions IBM is taking to drive standardization and cost reduction in services will better position the company for profitable share gains. In the near term, recent improvement in bookings trends (in both services and hardware) provides greater visibility on near-term performance.
In addition, DB states that benefits from restructuring, new product cycles in servers and microelectronics, and a potential mainframe cycle could support a solid 2H EPS recovery.
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