April 18, 2018 | Written by: Thoughts On Cloud Staff
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Following a 20 percent increase in the third quarter of 2017 and a 30 percent increase in the fourth quarter, the first quarter of 2018 once again saw IBM Cloud revenue rise by 20 percent year-to-year.
Cloud revenue was $17.7 billion over the past 12 months. The as-a-service annual exit run rate for cloud revenue was $10.7 billion in the quarter, up 25 percent over the same period in 2017.
Most data — about 80 percent — lives within enterprises. IBM is helping clients such as Salesforce, Hertz, Cloudflare, Bradesco, and New Relic unlock their data, glean insights from it and develop deeper relationships directly with their customers, while maintaining security.
Some key IBM Cloud accomplishments in the first quarter of the year included:
- IBM Cloud Hyper Protect services, the world’s first public cloud services with mainframe-level data protection to provide encryption for data at rest, in memory and in transit. The new services are made possible by bringing IBM Z into IBM’s public cloud data centers.
- IBM Cloud Internet Services, a collaboration with Cloudflare.
- New technologies designed to help businesses move more quickly to the cloud, such as new features for IBM Cloud Private, expanded support for containers including Kubernetes containers for bare metal cloud infrastructure and a new Cloud Integration platform.
- IBM Cloud Object Storage now includes Aspera fast transport.
- The launch of the new Data Science Team, a consultancy and set of services designed to help businesses more easily and quickly draw insights from data to pave the way to AI.
Learn more about IBM first-quarter results.