NEW DELHI: IBM is splitting itself into two public companies, capping a years-long effort by the world’s first big computing firm to diversify away from its legacy businesses to focus on high-margin cloud computing.
IBM will list its IT infrastructure services unit, which provides support for data centres, as a separate company by the end of 2021. IBM shares were up 7% in early trading on the move by CEO Arvind Krishna.
“We divested networking back in the ’90s, we divested PCs back in the 2000s, we divested semiconductors about five years ago because all of them didn’t necessarily play into the integrated value proposition,” Krishna said.
He called the move a “significant shift” in the 109-year-old company’s business model.

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