IBM Cloud revenue jumps 20 percent in third quarter
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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.
Learn more about IBM Cloud third-quarter earnings in the infographic below.
via Cloud computing news https://ibm.co/2cigQr9
October 18, 2017 at 11:06AM