IBM, the world recognized technology and consulting company has won the deal worth billions of dollars for the 10 years period with ABN AMRO, Dutch based bank, which has been considered as the second major outsourcing deal by the company in previous month. 
This deal helps the company to stabilize its operations and overcome from the disappointing period encountered in third quarter.
The entire deal is comprised of IBM cloud services, end user/mobile computing, storage, computers, managed services for mainframe, servers and support. So far, the company hasn’t unveiled the whole details of an agreement.
The deal will certainly assist in transforming the whole business into digital bank, said Piet Bil, Managing director of IBM.
IBM has managed to craft a seven year deal with Europe’s largest airline Lufthansa having worth €1bn (£800m), where they will harmonize all the mobile, analytics and social practices within the airline by disseminating telecommunication networks infrastructure.
The company portrayed fourth quarter results of 2014, where the downward revenue trend of $22.4 billion, a six percent slump was observed by the company
The CE of the company Ginny Rometty stated that, “the company didn’t perform well and the whole instance was due to the lack in customer buying behavior.
The hardware segment was mainly impacted by shrinking 15 percent revenue to hit $2.4 billion. However, the revenue for global services outsourcing segment was slightly dropped to three percent showing $13.7bn.
The company has already been deprived with the series of flop businesses such as microelectronics segment, which is nearly going to be the part of Global Foundries.
