IBM Acquiring Hakkoda Enhances Its Transformation From It's Legacy Businesses
Summary
- IBM's transformation into a leader in cloud, consulting, and AI has driven strong returns, with the Hakkoda acquisition enhancing its data transformation services.
- Despite competition from giants like Amazon, Microsoft, and Alphabet, IBM's strategic focus on AI and cloud positions it well for future growth.
- IBM's financial health is robust, with increasing revenue, profitability, and a strong dividend yield, making it an attractive investment.
- Projected EPS growth of 14.3% over the next two years and strategic acquisitions suggest IBM is undervalued and poised for continued success.
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