"Microsoft reached another two milestones when it unveiled its annual financial results last week. First, as ZDNet noted, its annual revenues passed $100bn for the first time. Second, its $110.4bn turnover was not only bigger than IBM's, it was bigger than IBM's has ever been"
https://www.zdnet.com/article/microsoft-is-now-bigger-than-ibm-has-ever-been-but-so-is-google/
Because the CEO has no vision.
You forgot to mention "better"
Lets have another town hall to celebrate this good news!
The facts speak for themselves. IBM is dying and has weak executive leadership. Lack of execution but pay themselves lavishly. The GM of NA Security was replaced this past week, but he was only a small part of the problem.
Also, you need to look at the profit margin as well. Most of $100B+ revenue IBM was generating was coming from professional services, the margins are much lower here if compared to what MSFT is peddling...