In the first quarter of this year, IBM’s revenue fell 3% to $18.2 billion. Earnings fell 11% to $1.85 per share. Rometty said:
“In the first quarter, both the IBM Cloud and our cognitive solutions again grew strongly, which fueled robust performance in our strategic imperatives,” said Ginni Rometty, IBM chairman, president and chief executive officer. “In addition, we are developing and bringing to market emerging technologies such as blockchain and quantum, revolutionizing how enterprises will tackle complex business problems in the years ahead.”
That is about what she has said for each quarter for over five years. It hasn’t helped.
http://247wallst.com/technology-3/2017/05/05/as-buffett-dumps-ibm-shares-board-needs-to-oust-ginni-rometty/