BI News

Cloud Business Is Bright Spot In Otherwise Downbeat IBM Earnings

22 January, 2015

Cloud Business Is Bright Spot In Otherwise Downbeat IBM Earnings

IBM is pursuing an aggressive plan to refocus on cloud services and analytics under CEO Virginia Rometty (right), but revenues are not materializing fast enough to offset the massive declines across the legacy businesses that still make up for the bulk of its revenues. That is reflected all too clearly in the company’s newly fourth quarter earnings, which were released earlier this week.

Big Blue experienced declines in every major division and most notably in the hardware group, which saw revenue plummet a massive 39 percent from last year to $2.4 billion. The revenue figure results may have been depressed by the company’s offloading of its unprofitable commodity server portfolio to Lenovo Group Ltd. in September. Nevertheless, demand for the high-end Power machines that the company held onto following the deal dropped 13 percent, while storage revenue fell 8 percent.

Read full story

Related Articles

31 January, 2013

Power In Data: Turning Facts Into Discoveries

Publication: The Atlantic


29 March, 2013

Top 5 Business Intelligence Solutions In The Cloud

Publication: Cloudtweaks


22 July, 2013

It's Official: Legacy Tech Vendors Are In Permanent Decline

Publication: ReadWrite


18 October, 2013

The Great Cloud Migration Has Begun

Publication: GCN


10 January, 2014

If Watson Is Going To Be A $10B Biz, IBM Had Better Figure Out The Cloud

Publication: GigaOM


The BI Guru
Presented by