IBM wins a key client

IBM $153.67 (New York symbol IBM; Shares outstanding: 939.5 million; Market cap: $146.2 billion; TSINetwork Rating: Above Average; Dividend yield: 3.9%; www.ibm.com) continues to attract transportation-industry firms to its cloud-computing services, which use remote servers to store data files online.

American Airlines will now use IBM Cloud for its websites, mobile apps and airport ticketing.

Airline computer systems handle everything from bookings to bag tracing, and they need to be reliable. They must also meet the expanding demands of smartphone and mobile platforms.

IBM Cloud has already won a number of contracts in the transportation industry. Its existing customers include Boeing, Bombardier, Pratt & Whitney, and Emirates and Etihad airlines.

IBM is a buy.

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