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In wake of cloud and mobile push, IBM revenue flattens

Joab Jackson | July 18, 2014
Despite a hearty push into cloud services and enterprise mobility, IBM continues to experience difficulty in raising revenue, though second-quarter profit jumped compared to a year ago.

IBM has been busy building up new streams of revenue.

On Monday, the company announced that its cloud service attracted a number of new large enterprise customers, including the Whirlpool appliance maker and the Macy's department store.

Last year, IBM acquired cloud services provider SoftLayer for $2 billion, and subsequently has started to invest another $1.5 billion in extending the SoftLayer cloud to run on 40 data centers across the globe.

On the mobile front, IBM announced Tuesday that it had partnered with Apple to support Apple's portable telephones and tablets in the enterprise, as well as provide a line of business software for the devices. The partnership could open a potentially new line of business in making Apple products, beloved by consumers, suitable for business use.

To mend fraying relations with the Chinese government, which put a halt to buying IBM equipment and services as it goes through an IT reorganization, IBM has donated $100 million worth of analysis software to Chinese academic institutions.

The company also pleased investors, paying out $4.12 per share, up 34 percent from a year earlier.

 

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