Recently, IBM announced that it would be spinning off its managed infrastructure services business, an event that could unlock shareholder value.
IBM's hybrid-cloud products are gaining traction in the marketplace, as evidenced by 30% y/y revenue growth for its cloud segment. This massive market opportunity could see IBM return to growth.
In this article, I will share a sum of parts valuation for the new "IBM" and the spinoff, "NewCo", to assess the intrinsic value and projected returns for IBM.
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