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Charts: IBM’s Software-Led Margin Expansion

 

by Erick Schonfeld on September 8, 2009

Many people still think of IBM as the company that sells Big Iron—mainframes and its enterprise server descendants.  Of course, the engine of the company’s profits long ago shifted to consulting and software.  In a financial slide presentation IBM released today to the SEC as an 8K document, however, you really get a sense of how much IBM has continued to shift its business towards software and services over the past eight years.