Report
Andrew Lange
EUR 147.86 For Business Accounts Only

Even with a lethargic core business, IBM remains well entrenched within its large customer base

IBM’s second-quarter fiscal 2016 results largely reflected the firm’s continued push into growth markets associated with “strategic imperatives” (analytics, cloud, mobile, security, and social related work). On a trailing 12-month basis, strategic imperatives accounted for 38% of IBM’s revenue, or $30.7 billion, ahead of the firm’s expected run rate. We think IBM will continue to push its strategic imperative agenda, utilizing mergers and acquisitions to achieve its medium-term strategic imperat...
Underlying
International Business Machines Corporation

International Business Machines provides integrated solutions and products that utilize data, information technology, capability in industries and business processes. The company has five segments: Cloud and Cognitive Software, which provides a range of software offerings; Global Business Services, which provides consulting, systems integration, application management and business process outsourcing services; Global Technology Services, which provides project services, managed and outsourcing services, cloud-delivered services, and technical and IT support services; Systems, which provides technology and service; and Global Financing, which provides client financing, among others.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lange

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