After surprising quarter, IBM insists that AI is not killing the mainframe
On Wednesday, IBM formally reported earnings and the information was as unhealthy as everybody knew it could be. Whereas the 115-year-old firm nonetheless generates boatloads of money — $17.2 billion in income, $9.9 billion in gross revenue, practically 58% margins, and $2.2 billion in web earnings for the quarter — its outcomes fell nicely in…