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How IBM Pivoted From Mainframes to Hybrid Cloud
Episode 104 of The Pivot Podcast explores how IBM, the 114-year-old tech giant, reinvented itself for the hybrid cloud era. Lucas and Luna break down the strategic 2019 Red Hat acquisition for $34 billion, the divestiture of legacy businesses like Kyndryl, and CEO Arvind Krishna's bet on open-source hybrid cloud as IBM's third act. Specific numbers include Red Hat's 2025 revenue of $7.2 billion, IBM's gross margin improvement to 56%, and the 40% of IBM's revenue now recurring. A concrete lesson in how old tech companies can survive disruption by betting on…
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