Report
Andrew Lange
EUR 147.86 For Business Accounts Only

Growth at the End of the Tunnel as IBM’s Strategic Imperatives Mix Rises, Shares at Slight Premium

IBM wrapped up fiscal 2016 with another solid performance from its “strategic imperatives,” which grew 13% to $32.8 billion and now constitute 41% of IBM’s revenue. The increasing strategic imperatives mix bodes well as we look for the company to return to top-line growth. Management did sidestep the issue of revenue growth for the business in fiscal 2017, instead focusing on the pretax income margin expansion story. However, on a full-year basis, we still think fiscal 2018 will be the year when...
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

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch