Could IBM Become the Next Microsoft?
's (NYSE: IBM) stock price rallied 9% to an 11-year high on Jan. 25 after the tech giant posted its fourth-quarter earnings report. Its revenue rose 4% year over year to $17.4 billion, which exceeded analysts' estimates by $100 million. Its adjusted earnings grew 8% to $3.87 per share and also cleared the consensus forecast by $0.07 per share.
That earnings beat suggests that IBM's turnaround efforts under CEO Arvind Krishna, who took the helm in April 2020, are finally bearing fruit. But can Big Blue ever fully reinvent itself like Microsoft, which became a high-growth tech giant again over the past decade as it expanded its cloud-based ecosystem?
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Source Fool.com
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