Industry

IBM Cloud revenue up 12 percent in 2018

Share this post:

IBM Cloud revenue 2018IBM this week announced 2018 fourth quarter earnings that outpaced analyst expectations, including total cloud revenue for the year of $19.2 billion. That’s a 12 percent increase over IBM Cloud earnings in 2017.

The New Economy reported, “The optimism surrounding the Q4 earnings report owes much to IBM’s cloud-computing business, which along with social, mobile and analytics made up half of the company’s revenue in 2018.”

In the first few weeks of 2019, IBM Cloud has announced several client agreements that continue its momentum, including:

The New Economy quoted KeyBanc Capital Markets’ analyst Arvind Ramnani as saying the planned Red Hat acquisition “propels IBM as a leading cloud provider.”

For more on IBM fourth quarter earnings, read the full story at The New Economy.

More Industry stories

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

How AIOps helps Nextel Brazil predict and prevent network outages

Mobile smartphones are playing a significant role in the lives and productivity of people around the world. Consider these statistics about smartphone usage from TechJury. Internet users worldwide who visit the Web on a mobile device: 67% Percent of emails read on mobile devices: 49.1% Smartphone users are addicted to their phones: 66% Clearly, many […]

Continue reading