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IBM Cloud Computing Revenue Climbs 30%

Overall, the company's sales declined.


IBM has released its earnings report for the second quarter of 2016. Overall, the company had $20.2 billion in revenue, a 2.6 percent year-over-year decrease. However, company executives pointed out that it had strong growth in its strategic imperatives: cloud, analytics and engagement.

IBM's cloud computing revenue increased 30 percent, and its analytics sales were up 5 percent. Mobile revenue increased 43 percent while security climbed 18 percent.

"IBM continues to establish itself as the leading cognitive solutions and cloud platform company," said Ginni Rometty, IBM’s chairman, president and CEO. "In doing so, IBM is pioneering new business opportunities beyond the traditional IT marketplace."

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