IBM $160.67 (New York symbol IBM; Shares outstanding: 960.0 million; Market cap: $153.5 billion; TSINetwork Rating: Above Average; Dividend yield: 3.5%; www.ibm.com) continues to expand in faster growing fields such cloud computing and analytics software.
Sales from these operations—called “Strategic Imperatives”—rose 12% in the latest quarter. They now represent 38% of IBM’s total revenue.
These are key areas for the company. That’s because of slowing industry demand for mainframe computers and consulting services.
IBM is a buy.