The service part you are likely referring to is now Kyldryl, a separate company. IBM now focus on software and cloud. There are still services but are much less prominent.
- the pure consultancy is another company now
- the IBM portfolio of software "products" are being packaged in ways that emphasize professional services and elaborate licensing schemes (rather than turnkey software)
FWIW, both of your comments can have some truth:
- the pure consultancy is another company now - the IBM portfolio of software "products" are being packaged in ways that emphasize professional services and elaborate licensing schemes (rather than turnkey software)