International Business Machines Corp. doesn't plan to lock itself into another precise earnings forecast after ditching its long-held goal for 2015 profit.
Chief Financial Officer Martin Schroeter said IBM is unlikely to put in place another “absolute” earnings-per-share (EPS) roadmap. He said there's still value in laying out the complex company's strategy for investors.
“We are going to have to be as transparent as we have been about the business and what it can earn over time,” Schroeter said today at an RBC Capital Markets investor conference. He added that the technology giant isn't looking for any big, transformative acquisitions.
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