Red Hat

IBM’s CEO Big Bet: Can Red Hat Deal Save Cloud Services Roads to Revenue?

IBM’s CEO Rometty acquired Red Hat Inc for $34 billion to turn around cloud computing services. This is IBM’s largest acquisition in over 100 years, according to Reuters. IBM big bet is to turn around its higher profit margin in cloud and software services. IBM’s revenue and profits have been declined over the last five…

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Red Hat

IBM’s CEO Big Bet: Can Red Hat Deal Save Cloud Services Roads to Revenue?

Key takeaway – The Red Hat acquisition can be a win-win for IBM and CIOs’ multicloud strategies, so long as IBM resists the temptation to overload Red Hat solutions with IBM services. IBM’s CEO Rometty acquired Red Hat Inc for $34 billion to turn around cloud computing services. This is IBM’s largest acquisition in over…

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