IBM used to be a Hardware & Software company, Looks like they are going to Be a Software, Cloud and Services company in future (Mainframe being an exception)

 Revenue from IBM's systems and technology business, which sells mainframes, servers, and other hardware, fell 26 percent to $4.3 billion in the fourth quarter, while cloud-related revenue rose 69 percent to $4.4 billion.


The software business as a whole is the company's second-largest income source, raking in $25.9 billion last year, more than a quarter of IBM's total revenue


The link below has more details:

http://www.infoworld.com/d/the-industry-standard/ibm-says-bye-bye-hardware-and-hello-the-cloud-237043