Red Hat saved IBM’s bacon this quarter

IBM reported earnings this week, and if we’re being honest, the results were rather uninspiring. The company generated revenue of around $15.5 billion, down a disappointing 0.4% from its year-ago result. However, even inside its less than stellar report, there were some favorable tidbits for the well-known tech giant.
On the negative side, IBM’s infrastructure business is deep in the doldrums with revenue down 14.6% to $3.6 billion, compared to year-ago metrics. That overall loss includes IBM Z Systems, the company’s mainframe business, falling 30% on its own. Z Systems has been pretty solid f

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