Business StrategyIBM's strategy focuses on investing in growth areas with a long-term view, which is positively impacting its software portfolio and consulting growth opportunities.
Financial PerformanceIBM reported a strong fourth quarter with revenues and EPS slightly above Street expectations, and a gross margin expanding to 60.6%, driven by a higher software mix.
Free Cash FlowIBM's potential to deliver free cash flow well above expectations gives conviction that revenues and margins can continue to move structurally higher over the next few years.