With its $19.5-billion enterprise cloud being pretty much the only growth driver across its massive products and services landscape, IBM is restructuring its strategy and operations to become a cloud-first company in preparation for the final approval of its acquisition of Red Hat later this year.
The IBM Q1 earnings announcement yesterday reveals that while IBM’s cloud business almost reached $20 billion in revenue for the 12 months ending March 31, its growth rate is lagging significantly behind those of all of IBM’s major cloud competitors.
IBM made its unconditional and end-to-end commitment to a hybrid-cloud future unmistakably clear during its quarterly earnings call this week as CFO Jim Kavanaugh dropped the H-bomb 28 times. Kavanaugh tied hybrid cloud’s virtues to everything from customer innovation and productivity to every positive element in IBM’s strong fourth-quarter performance. So while I wasn’t at
Fresh on the heels of two massive cloud deals with Vodafone and Juniper valued at about $875 million, IBM today said it has deepened its long-time strategic partnership with global bank BNP Paribas in a deal that one analyst believes could be valued at $2 billion. This additional big new win for IBM Cloud will
As IBM prepares to release fourth-quarter and full-year earnings this afternoon, the company is building significant hybrid-cloud momentum for 2019 with two large and sweeping customer deals totaling $875 million over the next several years. The huge engagements with Vodafone for $550 million and Juniper for $325 million showcase IBM’s broad and deep strengths in
While the IBM R&D teams received 9,100 patents in 2018 and for the 26th straight year led the world in that category, the company needs to begin showing customers, partners and investors that it is turning those laboratory innovations into high-value business solutions across AI, cloud and cybersecurity. Taken in isolation, the latest evidence of
IBM’s blockbuster acquisition of Red Hat for $33.4 billion to create a hybrid-cloud powerhouse signals a massive shift in the cloud-computing industry away from vendor-driven technology-first approaches and toward a customer-centric model that offers C-level execs strategic and high-value digital-business capabilities.
As business leaders begin betting their companies on a surging range of cloud and AI technologies, IBM plans to leapfrog its tech competitors by offering new tools that simplify and streamline the management of those complex technologies regardless of which cloud or AI vendor provides them. The core challenge is one that has bedeviled CIOs
Three of the world’s iconic tech vendors continue their striking transformations to end-to-end cloud powerhouses as enterprise bluebloods Microsoft, IBM and SAP posted a combined $13 billion in calendar-Q2 cloud revenue, led by Microsoft’s breathtaking commercial-cloud growth rate of 53% to $6.9 billion. As shown in the the table above, all three vendors this week
Hammering home the radical transformation IBM’s undergone during the last few years ago, CEO Ginni Rometty claimed last week that IBM has become the world leader in enterprise AI with 16,000 client engagements, in Blockchain with 400 active client engagements, and in the highly advanced realm of quantum computing with live projects underway with JPMorganChase,