Newsletters




IBM Cloud Revenue Jumps 20% in Third Quarter


Bookmark and Share

IBM reported growth in the most recent quarter, much of it led by its cloud computing initiatives. Strategic imperatives revenue over the last 12 months was $39.5 billion, up 13%. Total cloud revenue over the last 12 months was $19 billion, up 20%, with $8.1 billion from hardware, software, and services to enable IBM clients to implement hybrid cloud solutions across public, private and multi-cloud environments, and $10.9 billion delivered as a service. The annual exit run rate for as-a-service revenue increased in the quarter to $11.4 billion, up 21%.

IBM's mainframe systems growth was also on the plus side, but more moderate. Systems (includes systems hardware and operating systems software)—revenue of $1.7 billion, up 1%, driven by growth in Power and IBM Z.

Sales slipped on IBM's data side. Cognitive Solutions (includes solutions software and transaction processing software)?revenue of $4.1 billion, down 6%, with growth in Watson health, security solutions, and key strategic areas in analytics.

Global Business Services (includes consulting, application management and global process services)?revenue of $4.1 billion, up 1% (up 3% adjusting for currency), led by consulting.  Gross profit margin increased 270 basis points.

Global Financing (includes financing and used equipment sales)?revenue of $388 million, down 9% (down 7%).

For more details, go to http://www.ibm.com.


Sponsors