IBM Cloud Revenue Hit $7B In 2014
January 21, 2015
Grazed from TalkinCloud. Author: CJ Arlotta.
International Business Machines Corp. (IBM)’s decision to focus most of its efforts on cloud, analytics, mobile, social and security seems to have been the right one. Headquartered in Armonk, New York, Big Blue on a Tuesday earnings call with investors said its total cloud revenue for fiscal year 2014 hit $7 billion, up 60 percent from the prior-year period.
“We are making significant progress in our transformation, continuing to shift IBM’s business to higher value, and investing and positioning ourselves for the longer term," said Ginni Rometty, IBM chairman, president and chief executive officer, in a statement. Big Blue also reported that its cloud delivered as a service revenues of $3 billion are up approximately 75 percent year over year…
Big Blue’s cloud portfolio generated $4.40 billion in cloud revenues in 2013, up from $2.60 billion in 2012. IBM’s cloud computing solutions include SaaS business applications, IaaS infrastructure services, a PaaS developer platform, private and hybrid cloud, and cloud consulting…
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