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.