The New IBM: Revenue Growth, More Free Cash Flow, and (Probably) a Dividend Cut
International Business Machines (NYSE: IBM) is closing in on completing the spin-off of its $19 billion managed infrastructure-services business. The spun-off company will be called Kyndryl, and IBM shareholders will receive shares of the new company once the transaction is complete.
The company gave investors a few details last week about what the new IBM will look like post-separation. It provided much more information at its investor briefing event on Monday. Here are five key takeaways for investors.
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Source Fool.com
