http://247wallst.com/technology-3/2017/08/15/ibm-shares-down-14-in-2017-while-amazons-rise-31/
Granted, both IBM and Amazon are in other businesses. IBM sells hardware, software and consulting and financial services. At the same time, IBM promotes cloud computing as the core of its future success. In her lead quote for IBM’s most recent quarterly report, IBM’s board chair, president and chief executive officer, Ginni Rometty, said:
In the second quarter, we strengthened our position as the enterprise cloud leader and added more of the world’s leading companies to the IBM Cloud. We continue to innovate, adding regtech capabilities to our portfolio of Watson offerings; developing solutions based on emerging technologies such as Blockchain; and reinventing the IBM mainframe by enabling clients to encrypt all data, all the time.
She barely mentioned IBM’s other businesses, as revenue fell 5% to $19.3 billion and net income by 5% to $2.3 billion.
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IBM has tried to take bragging rights about its cloud business. Amazon has not. The reality is that IBM does not deserve them.