Channel Beat: IBM Numbers Slip During Transition

/**/ /**/

IBM revenue was down 9 percent in the fourth quarter of 2015, and earnings per share dropped nearly 17 percent from the same quarter in 2014.

One bright spot was IBM's total cloud revenue, which leapt 43 percent in 2015 to $10.2 billion.

The numbers beat analyst expectations, but the question remains whether IBM can transform from a software business to one focused on cloud and security.

Citrix appointed a new CEO this week. Kirill Tatarinov will take the helm of the company next week.

Tatarinov spent 13 years as an executive at Microsoft, and departed during a corporate structure shakeup led by CEO Satya Nadella.

Citrix announced the spin-off of its GoTo family of products last fall, which will result in 1,000 layoffs this month.

This week ForeScout revealed it raised $76 million in late-stage funding.

Wellington Management was a major backer, and ForeScout has averaged 50 percent year-over-year annual growth in recent years. in 2015, ForeScout posted $125 million in revenue.

ForeScout's CEO said Cisco remains the company's biggest competitor.