IBM eyes huge cloud, big data future

IBM eyes huge cloud, big data future

IBM executives told investors that it is targeting $40 billion in annual revenue from cloud, big data, security and other emerging tech areas by 2018, Reuters is reporting.

The company called those market sectors “strategic imperatives.” If IBM hits that target, it will represent 44 percent of $90 billion in revenue that analysis expect from the company.

Currently, those sectors represent 27 percent of total revenue. Reuters reported that it will spend $4 billion on the target sectors this year.

 

Reader Comments

Sat, Feb 28, 2015 Mel Ostrow

If you charted IBM's federal contracts over a decade, you would see that fed govcon is rather flat and slow-growing for the overall corporation. And it is a tiny percentage of total revenue. The customer base is thin. Wisely, IBM has exited commodity businesses, like PCs, but the mainframe biz exists only for a few customers, like the intel community and DOE. The fed services business has perennially been weak for IBM. Hard to say why it sticks in federal because its margins must be much lower than the company's average.

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.