• January 19, 018
  • By Staff

delivered a mixed earnings report for its fourth quarter. The bright spot was cloud computing revenues. The company said that its as-a-service revenues are at a $. run rate, which is better than expected. CFO James Kavanaugh said, “In , we’ll maintain a high level of investment. This is important as we continue to build out capabilities in AI, in cloud, in and in Blockchain, just to name a few.”

For the quarter, IBM’s overall performance beat expectations, as the company generated $2.5 billion in , compared to Wall Street estimates of $2.06 billion.

For the year, the company’s overall revenues declined slightly from $79.92 billion in 2016 to $79.1 billion in 2017. It has now experienced seven straight years of revenue declines.

View article


Source link


Please enter your comment!
Please enter your name here