Is IBM the Ultimate Tech Dividend Stock?

Nicholas Rossolillo, The Motley Fool
·4-min read
Is IBM the Ultimate Tech Dividend Stock?
Is IBM the Ultimate Tech Dividend Stock?

Management said total cloud revenue was $6.0 billion in the quarter, a 19% year-over-year increase, led by the Red Hat cloud app development and management acquisition in July 2019. When it spins off the low-profit-margin NewCo by the end of next year -- Cloud and Cognitive Software gross margin was 77% and net pre-tax margin 22% in Q3, compared to 35% gross margin and 7% net pre-tax margin for the Global Technology Services segment -- what remains could be a top cloud computing tech play.