Tuesday, October 18, 2016

IBM Revenue, Profit Edge Lower - WSJ

Also see IBM Watson Will Run On IBM and IBM Alone (Fortune) and IBM Profit Margins Shrink Again in Shift to Cloud Computing (Bloomberg)
"Alongside falling revenue in some older lines of business, revenue from cloud services across all IBM business segments grew 42% in constant currency to $3.4 billion, Mr. Schroeter said. Those cloud services include SoftLayer, which sells access to computing capacity over the internet, and Bluemix, which sells access to software over the web, among other things. The cloud business during the quarter added new customers including Dixons Carphone Group, JFE Steel Co., Ltd. and Vodafone India.

Cloud computing is one of several faster-growing areas that IBM calls strategic imperatives. Those businesses, which also include artificial intelligence, data analytics and security, grew 15% in constant currency during the third quarter compared with 12% during the second quarter. They now represent 40% of IBM’s overall business."
IBM Revenue, Profit Edge Lower - WSJ
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