poor Ginni Rometty at International Business Machines ( IBM ), left to make good on a 2015 $20 EPS promise her predecessor Sam Palmisano left behind for her. What Palmisano didn’t leave behind was any revenue momentum. IBM Revenue (TTM) data by YCharts
software and services organizations and capturing cost synergies. The company has made about 50 software acquisitions during Sam Palmisano 's tenure as CEO and has expanded sales by 37% and pretax margins from 22% to in excess of 33% over the past four years
primarily because of macroeconomic issues and sickly IT spending, but margins held up rather nicely. This suggests to us that IBM's competitive position remains strong, and that Sam Palmisano 's cost-cutting program is taking hold.