International Business Machines Corp. is planning its biggest-ever business exit, spinning off a major part of its information-technology services operations to accelerate the 109-year-old tech pioneer’s focus on faster-growing businesses like cloud-computing and artificial intelligence. The move IBM announced Thursday would separate its unit that manages clients’ IT infrastructure and accounts for nearly a quarter of its sales and staff. But the business has shrunk as customers have embraced cloud computing and has become...

Source: Wall Street Journal October 08, 2020 11:33 UTC