IBM Has Best Sales Gain in Three Years

The video discusses IBM's revenue growth under CEO Arvind Krishna, highlighting a 1% year-over-year sales increase after a period of decline. Despite currency adjustments showing a 2% decrease, the company's cloud strategy, particularly the acquisition of Red Hat, has been successful. Asset sales, including Watson Health, have also been part of the turnaround strategy. However, IBM's stock performance lags behind the S&P 500 and tech sector. Analysts are now focused on the sustainability of this growth.

What major acquisition did IBM make in 2018, and how has it impacted the business?

How do IBM's stock performance and growth compare to the S&P 500 and the tech sector over the past year?