TIME Companies

IBM Chief Says Better Times Lie Ahead

The sign at the IBM facility near Boulder, Colarado
The sign at the IBM facility near Boulder, Colo. Rick Wilking—Reuters

Virginia M. Rometty says embracing new technologies like cloud computing can help reinvigorate the U.S. tech giant. Having jettisoned less profitable aspects of the business, the firm of more than 400,000 employees is turning to new fields

The head of IBM says the company is poised for growth, putting an end to years of stagnant stock prices and flagging competitiveness.

CEO Virginia M. Rometty, 56, said during an interview with the New York Times that things had long been “rocky” for IBM, but that a clear vision was now at hand for pursuing fresh avenues.

“We are transforming this company for the next decade,” she said. “That is not a one-year job, not when you’re a hundred-billion-dollar company.”

Having jettisoned less profitable aspects of the business, the firm of more than 400,000 employees is turning to new fields — cloud computing, says Rometty, is one example that can become an exciting venture for IBM.

“I feel very good about the direction and how we’ve crystallized it,” she added. “We are making progress, and we just need to keep moving with speed.”

[NYT]

Your browser, Internet Explorer 8 or below, is out of date. It has known security flaws and may not display all features of this and other websites.

Learn how to update your browser