According to Krishna, the possible partnership is based on putting the client’s needs first on where they want the workload to run. The chief executive added that IBM’s Red Hat platform has the technology that runs on competitors’ hybrid platform. Over recent years, IBM has made significant steps in elevating its hybrid cloud. The focus has been on technical setup wherein companies may use multiple clouds and their on-premises servers. The IBM service offers companies tools to navigate between those various environments more efficiently. The end goal of IBM technology is to offer a foundational layer where other companies can anchor their software. Such a model has the potential of helping IBM secure longtime customers. Related video:
IBM stock tumbled after the third-quarter earnings release
As Finbold has previously reported, IBM stock price dropped more than 3% after the third-quarter earnings release as its revenue fell for the third consecutive quarter. Its four out of five business segments reported a huge revenue decline from the year-ago period. Therefore, the company has recently announced to make big changes in its largest revenue segment. IBM’s Global technology services segment is composed of infrastructure and cloud services. The company announced to spinoff infrastructure business into a standalone company in order to focus on cloud services. Featured image: Screenshot of the CNBC TV video
