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IBM outlines plan to revamp business for investors

Colorado Springs Gazette, News

NEW YORK (AP) — IBM's CEO says the company's plan to revamp its business to shift away from hardware and focus on business analytics, cloud computing, mobile services and security is on track.

In a media briefing ahead of an investor conference in New York on Thursday, Virginia Rometty said the company plans that the new tech markets should make up 40 percent of IBM's business, or $40 billion, in the next 4 years. That's up from 13 percent five years ago and 27 percent by the end of this year.