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IBM Is Growing Again After Kyndryl Spin-Off

Timothy Green, The Motley Fool
·4 min read
IBM Is Growing Again After Kyndryl Spin-Off
In this article:
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International Business Machines (NYSE: IBM) has spent the better part of a decade transforming itself into a cloud-computing and AI-focused company. IBM completed the spin-off of Kyndryl, its managed infrastructure-services business, in November, shedding around $19 billion of annual revenue in the process. Kyndryl is an IBM customer, and that relationship is producing revenue for IBM now that Kyndryl is its own company.

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