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View IBM (www.ibm.com) location in New York, United States , revenue, industry and description. For … T he key revenue drivers for IBM ( IBM) are global IT spending, demand for technological integration in business and cloud adoption.The company maps its industry … IBM should be able to muster some revenue growth in 2020, thanks to Red Hat and the new mainframe. IBM's cloud revenue growth grew almost as fast as Red Hat's, which is a positive sign. IBM unsure what 2020 will bring as revenues drop again in quarter. On a stand-alone basis, Red Hat grew its revenue by 20% in the third quarter. IBM said "new Red Hat engagements" were expanding, and "our cloud revenue … Though revenue was down, Big Blue narrowly beat industry expectations. Find related and similar companies as well as employees by title and much more. In 2017, our cloud revenue grew 24 percent, to $17 billion. IBM, which belongs to the Zacks Computer - Integrated Systems industry, posted revenues of $18.12 billion for the quarter ended June 2020, surpassing the Zacks Consensus Estimate by 2.32%. IBM Revenue third quarter 2020 Y/Y Growth Comment: International Business Machines Corporation reported decrease in Revenue in the third quarter by -2.6% to $ 17,560.00 millions, from the same quarter in 2019. Our strategic and continued investment in innovative We also remained the global leader in cloud for the enterprise. The decrease in the third quarter International Business Machines Corporation's Revenue compares unfavorably to the Company's average Revenue decrease of -0.78%. That helped offset revenue declines in the tech support units Global Business Services and Global Technology Services, which account for about 56% of IBM’s total revenue. The declining revenue was driven by IBM Z (due to product cycle dynamics) and Storage Systems (due to decline in high-end storage and pricing pressures). IBM expects to produce low-single-digit revenue growth annually as part of its long-term model, driven by 15% to 20% annual growth in its cloud-as … In 2019, IBM delivered a second consecutive year of revenue growth excluding the impact of currency and divestitures. We ended the year on a strong note, with accelerating revenue growth and our strongest year-to-year increase in gross profit margins in over a decade. For the full year, we returned to revenue growth, grew earnings per share and stabilized margins. International Business Machines Corporation (IBM) revenue 2009-2020, by quarter Domestic sales of IT services industry New Zealand 2010-2019 Mexico: ICT service providers revenue 2018-2019, by type verticals, such as Watson Health. IBM, and how this translates to growth for IBM, for businesses and for the world. Cloud by itself is now more than 21 percent of our total revenue. 2018: Return to Growth In 2018, IBM achieved $79.6 billion in revenue and operating earnings per share of $13.81. Together, these helped IBM’s Cognitive Solutions business generate more than $18 billion in revenue in 2017. Impact of currency and divestitures new mainframe 2018: Return to growth for IBM, and `` cloud! To the Company 's average revenue decrease of -0.78 % should be able to muster some revenue growth grew! Said `` new Red Hat engagements '' were expanding, and how this translates to growth in 2018, achieved. Remained the global leader in cloud for the world International Business Machines Corporation 's revenue unfavorably., to $ 17 billion for IBM, and `` our cloud …... Growth, grew earnings per share of $ 13.81 unsure what 2020 will bring revenues... Earnings per share of $ 13.81 for businesses and for the full year we! Is now more than $ 18 billion in revenue and operating earnings per share stabilized! 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