![]() That makes it the main contender to industry leader Amazon. Nadella managed to get past Ballmer’s deals, despite adding a pricey-looking takeover of his own with LinkedIn, and has overseen a largely successful upgrade and expansion of its software while also growing its cloud-computing business, where revenue grew 62% in its most recent quarter. Rometty, meanwhile, splashed out too much in her $34 billion acquisition of Red Hat unveiled in 2018. He paid way above the odds for a couple of companies in an attempt to leave behind the company’s stodgy image - before being effectively forced out in 2014. One of her recent strategic moves even echoes those of former Microsoft boss Steve Ballmer. The two companies were both worth roughly $220 billion when Rometty took charge of IBM. Microsoft’s resurgence under boss Satya Nadella offers the best path ahead. It now has a reputation as a former hardware provider that lost its way when the world moved on. Shareholders won’t miss her: At $121 billion, Big Blue’s market value has almost halved since she took the reins at the start of 2012. He will replace current boss Virginia Rometty in April, the company announced on Thursday. ![]() NEW YORK (Reuters Breakingviews) - Arvind Krishna, IBM’s incoming chief executive, has a tough task ahead of him. A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. ![]()
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