IBM Rises After 2Q Results Show Software Unit Gain

The transcript discusses IBM's performance in the May quarter, focusing on the strategic imperatives group, which includes Watson, cloud, and cybersecurity. Despite growth, the revenue increase has been declining. Other segments show weak numbers, and the hardware segment remains problematic. IBM is undergoing a significant transformation to become a cloud company, involving cost relocation and workforce changes. Progress is slow, and the strategic imperatives' growth is concerning. CEO Ginni Rometty's performance is evaluated, considering the transformation's scale, with mixed views on her effectiveness.

How does the performance of IBM's transformation compare to other companies according to the analyst?

Evaluate responses using AI:

OFF

What is the overall sentiment regarding IBM's transformation as expressed in the text?

Evaluate responses using AI:

OFF