The enterprise software company is over four decades old, and it generates anemic sales growth compared to bigger cloud leaders like Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT). It should also easily survive the next market crash, for five simple reasons. Oracle, like IBM and other older enterprise software companies, saturated its core market over the past few decades.
In the latest trading session, IBM (IBM) closed at $120.74, marking a +1.52% move from the previous day.
Mar.01 -- International Business Machines Corp. has publicly released its hybrid cloud service, furthering its plan to pivot the business toward the fast-growing market for storing large amounts of data on the internet. IBM President Jim Whitehurst talks to Caroline Hyde on "Bloomberg Markets."