A few years into it, what do you think about it now?
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You are correct. Anything that IBM does these days does not equate to modern or innovative. This is the reason why IBM is slowly dying.
How is Linux a "Modern" stack... it's just a *nix variant?
Is it just me, or is most of the stuff the call "modern"... not really?
AOL Time Warner merger comes to mind
Fact: large mergers almost always destroy value. IBM plus Red Hat is not one of the exceptions.
To discover the 'real' growth in RedHat you would need to remove all of the allocated revenue, that would be an interesting exercise. Each of the Cloud Paks pays a royalty to RedHat. All of the products that are a 'CARTRIDGE' in Cloud Pak must pay another royalty to RH.
With the ELA sales late 2020 and 1H 21, that would make RH revenue look good. When the declarations for ELAs happen late in 22 and 1H 23 does the reversals of CP impact RH? or is it just the 'brands' like Data, Security, Automation who have a revenue ho-e to fill?
Given the well documented 'funny numbers' in IBMs books in the past few years, you would need a team of forensic accountants to sort this out, and truly understand how well RH and Hybrid cloud is REALLY driving new business vs. legacy renewals, wrapped in an ELA where the customer thinks its Z revenue, and its booked as CP for Security.
One very jaded persons opinion.
No.
You'd pay anything for a new heart too
A strategic move for IBM!
Just looking at the numbers when IBM purchased a 3.75 billion dollar revenue company = a definite no. BUT when you factor in IBM had to change their strategy, and Redhat offered a completely different go to market strategy = a definite yes. IBM over paid by approx 11-12 billion and it’s taken them 3 years to catch that up. As it sits today, Redhat is 5.5 billion and growing at 15-20%, and its providing a strategic option for the 390 install base to migrate their core application SW towards. That’s one heck of a shift for the once retired in place big blue. If they can keep that 390 customer base active in modernizing their decades old SW stack, then YES the purchase will have paid off.