OK, that's a legitimate question. The folks best equipped to answer it are the Wall Street analysts who study IBM (and other commonly held stocks) very carefully, because that's just what they do in their profession. Turns out, from everything I've seen, that the consensus of these analysts is that IBM will have double digit growth of the bottom line for at least the next three years. Put into Wall Street jargon, they are very bullish on IBM. (Of course, these analyst opinions are always subject to change as events warrant.)
IBM just exceeded forecasts on income, missed on revenue. This is a tough environment and flat market for continued growth, but the company is a market leader for good reason.
We’ll see how they adapt and whether the profits they’ve been generating, in part by not sharing cost efficiencies with customers under long-term contracts, affect their growth in the next couple of years.