Industry

IBM Cloud revenue jumps 20 percent in third quarter

Share this post:

Cloud now represents 20 percent of total IBM revenue, according to third-quarter earnings results released this week.

In the quarter, revenue from as-a-service offerings was up 25 percent year-over-year. Total cloud revenue jumped 20 percent over the third quarter of 2016, and over the trailing 12 months, was up by 25 percent, with a total revenue of $15.8 billion. That number includes $8.8 billion in as-a-service revenue and $7 billion for hardware, software and services to for integrating cloud solutions across public, private and hybrid environments.

Clients who started new or stepped up existing cloud engagements with IBM over the quarter included Walgreens, Honeywell, the US Army and Atlanta’s Mercedes-Benz Stadium.

Learn more about IBM Cloud third-quarter earnings in the infographic below.

IBM Cloud revenue Q3

More Industry stories

Cloud innovation enhances fan experience

Hate standing in queues? Me too. In fact, I’ll avoid them even if there’s no alternative. This is how Nicco was born. I was at a sports bar, and the queue for drinks was so long that I refused to get in line. Over three hours, I had one drink and one snack and walked […]

Continue reading

Startup helps food companies reduce risk and maintenance costs with IBM Cloud solution

EcoPlant is helping food and beverage companies significantly improve energy use, optimize maintenance and save money. Our software as a service (SaaS) solution continually monitors and optimizes compressed air systems in near real time to help food and beverage makers, as well as companies in other industries, maintain and manage air compression systems. Air compression […]

Continue reading

Talium, Irene Energy remove barriers to accessing electricity in Africa

Approximately 600 million people do not have electricity in Africa according to reports on World Bank data. Even though progress has been made to get more people in Africa on the grid, the absolute number of people without power remains the same due to population growth. In rural areas, cell phones are vital for people […]

Continue reading