IBM Earnings Preview: Will Revenues Improve?

We expect that the company will continue to post marginal decline in its topline as business conditions remain tepid. While its software division is transitioning to cloud services, GBS demand remains tepid due to declines in traditional packaged application implementation. This should temper the oveall topline growth for this business. However, we expect its server division to report growth as demand for enterprise server improved, as its Power system and Z systems continue to benefit from rece...