As COVID-19 turns the global economy upside down, many corporations are rethinking their tech spending for the year, but International Business Machines Corp. doesn’t seem to be changing its plans.
IBM IBM, +3.79% is focused on integrating its huge Red Hat acquisition this year, and trusting in that cloud-software business to provide the growth that Big Blue needs as it breaks in a new chief executive. Analysts covering IBM were already divided on the tech giant’s prospects for 2020, however, debating how sustainable contributions from Red Hat and mainframes would hold up for the year.
