Power Systems Revenues Look To Grow In 2022

October 24, 2022 Timothy Prickett Morgan

It was a pretty good third quarter for Big Blue on many fronts if you overlook a $5.76 billion writedown as it has transferred some of its pension obligations for retired employees to a third party to get them off its books forever. This is the second straight quarter that, ignoring this massive hit to the books, which was actually offset by some tax benefits IBM cashed in at the same time, the company has shown both revenue and profit growth.

This may not be the IBM of our salad days, but it is a far cry better from the …