Taking Stock 

IBM's bet on the cloud starts to pay off

Mark Robinson

IBM's bet on the cloud starts to pay off

Once bitten, twice shy. International Business Machines (NYSE: IBM) famously came unstuck when it either failed to anticipate, or chose to ignore, the inexorable rise of the personal computer (PC). The group’s interim figures through to the end of June suggest that it is now far more attuned to technological trends in an industry it dominated throughout much of the post-war period.

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