In one of the biggest news of the year, IBM recently announced that it is splitting its IT services business into a new company, temporarily named NewCo. The move headed by its CEO, Arvind Krishna, will lead to diversification of the world’s first big computing firm away from its legacy businesses to focus on high-margin cloud computing and AI business. The company believes that with this move, both the companies will be on an improved growth trajectory with more remarkable ability to partner and capture new opportunities.

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