IBM to split into IT business and cloud computing company
Shares in the 109-year-old computing firm went up 7% as it announced it will spin off its low margin IT infrastructure unit
08 October 2020 - 16:33
Bengaluru — IBM is splitting itself into two public companies, capping a years-long effort by the world’s first big computing firm to diversify away from its legacy businesses to focus on high-margin cloud computing.
IBM will list its IT infrastructure services unit, which provides services that include technical support for data centres, as a separate company with a new name by the end of 2021...
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