IBM’s year-over-year revenue didn’t decline in the last quarter

▤ Summary

IBM’s executives argue that the company’s turnaround plans are starting to make a dent in their bottom line.“During 2017, we strengthened our position as the leading enterprise cloud provider and established IBM as the blockchain leader for business.Looking ahead, we are uniquely positioned to help clients use data and AI to build smarter businesses.”Virtually all IBM business units reported increased revenues, including 32 percent growth in the “Systems” unit, which includes hardware and operating systems software — and which interestingly was an area where IBM definitely struggled in the past, though its z Systems and storage line is showing some clear growth now.The company also notes that it took a $5.5 billion charge because of the enactment of the U.S.’s Tax Cuts and Jobs Act.

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