(Bloomberg) -- IBM is aiming to remake itself as a provider of cloud computing and data analytics, a transition that carries risks even in the best of times.
With a looming global economic slowdown and a strong dollar crimping revenue earned overseas, where International Business Machines Corp. gets the majority of sales, the company lowered its full-year profit forecast, excluding some items, to $15.25, plus or minus 50 cents. That compares with analysts’ average projection for a profit of $15.68 and IBM’s previous outlook for $15.75 to $16.50.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access