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.

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