Is IBM’s $4.4 Billion Cloud Bigger Than Amazon’s? Not Quite.
Grazed from Recode.net. Author: Editorial Staff.
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Is it possible that IBM’s new cloud computing services business unit — the one that got suddenly bigger last year after the acquisition of SoftLayer — is bigger than cloud computing’s dominant player, Amazon Web Services? It turns out that it is, but it’s not a very good comparison. It all depends on what you consider to be “the cloud.”
Let’s start with the basic numbers, which have emerged in recent days as both IBM and Amazon have reported their fourth-quarter and annual results. If you look at IBM’s cloud business strictly by revenue, the company’s CFO Martin Schroeter disclosed on a conference call with analysts on Jan. 21 that it finished the year with $4.4 billion in cloud revenue, a 69 percent increase over the prior year…


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