IBM Posts Lower Revenues Overall, But Cloud Revenues Rise 43%

IBM Posts Lower Revenues Overall, But Cloud Revenues Rise 43%

For the fourth quarter of 2015, IBM has announced that it brought in $22.1 billion in revenue (a 9 percent decrease year-over-year) and $4.5 billion in net income (a 19 percent decrease). However, the company attempted to put the bad news in a good light by noting that its “strategic imperatives,” including mobility, analytics and cloud computing, showed strong gains.

?A couple of years ago we laid out our strategic imperatives around big data and analytics, around cloud, and around mobile and security, the areas where our clients are looking to us to help move them to the future,? said Martin Schroeter, IBM?s Senior Vice President and Chief Financial Officer. ?We have said, we expect these strategic imperatives to deliver double-digit revenue growth, and in 2015, our performance in our strategic imperatives accelerated. Together, cloud, analytics, mobile, social and security grew 26 percent and delivered $29 billion in revenue. As I mentioned they now represent 35 percent of IBM, which is up from 22 percent two years ago.?

IBM’s cloud computing units had a particularly strong year with revenues increasing 43 percent. Mobility revenues more than tripled, while business analytics and security revenues climbed 7 percent and 5 percent respectively.

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