IBM to break up 109-year old firm to focus on high-margin cloud computing

Topics IBM | Cloud computing | IT services

International Business Machines Corp is splitting itself into two public companies, capping a years-long effort by the world's first big computing firm to diversify away from its legacy businesses to focus on high-margin cloud computing.

IBM will list its IT infrastructure services unit, which provides services including technical support for data centers, as a separate company with a new name by the end of 2021. Shares of the company were up 7% in early trading on the move by Chief Executive Officer Arvind Krishna, who also engineered.....

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