IBMis moving into new territory after acquiring Kenexa in a $1.3 billion cash deal. Traditionally, IBM has focused on infrastructure as opposed to software systems, so we now see the company expanding beyond its strategic three-pronged business model, which not only will help add to its already high annual profit growth of 19% but also affirm its position as a powerhouse in the tech arena.
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The article Another Big-Time Win From the King of Corporate IT originally appeared on Fool.com.
Andrew Tonner and Brendan Byrneshave no positions in the stocks mentioned above. You can follow Andrew and all his writing on Twitter at @Andrew Tonner. The Motley Fool owns shares of IBM and Oracle. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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