Despite posting 21 quarters of year-over-year revenue declines, IBM is always looking for "profit pools" in enterprise technology, Martin Schroeter, IBM's senior vice president and chief financial officer, told CNBC's "Closing Bell" on Tuesday.
Big Blue reported earnings after the bell, posting mixed second quarter results, as earnings per share exceeded expectations but revenues fell short.
"It's easy to get revenue in an enterprise space," Schroeter said. "It's finding the profit that we're focused on."
The iconic technology company has struggled over the past five years to grow revenues as it transitions from traditional business tools, like mainframes, to new fields like artificial intelligence, cybersecurity and cloud.
IBM did see a big 15 percent jump in cloud revenue in the second quarter, hitting $3.9 billion in sales. Schroeter said that IBM thinks it's still "kind of early" in the transition to cloud computing.