IBM hardware is pulling down revenue

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POSTER: computer news   ||   IBM HARDWARE IS PULLING DOWN REVENUE	DATE:2016-10-18
IBM's report on the work in the third calendar quarter of 2016 showed that the revenue and profit Big Blue continues to decline, although associated with advanced cloud services company services are becoming more widespread.   If we look at the quarterly performance, IBM's revenue for the third quarter was $ 19.23 billion. In comparison with the same period last year revenues decreased by 0.3%.  Note, there is a reduction in revenue of 18 consecutive quarter.  Net income also decreased year-on-respect (4%) and amounted to $ 2.9 billion in quarterly gross operating profit for the year decreased by 2.1% -. 48%.  However, the quarterly revenue IBM was at $ 230 million better than analysts expected. The growth of revenues recorded in the direction of the so-called "strategic imperatives".  In this area includes work on AI, cloud services, data analysis.  During the year, revenue in this niche has grown by 16% and reached $ 8 billion Today, these services are based on the company's 49 centers for data processing, two of which were commissioned in the reporting quarter -. This data center in South Korea and the data center in Norway. A total of "strategic imperatives" IBM today accounts for about 40% of revenue.  Over the past 12 months they have brought the company $ 31.8 billion. Of this amount, $ 12.7 billion of IBM brought a cloud services.  For the third quarter the volume of revenue from cloud services increased by 44% in annual terms.  The previous quarter, for example, annual growth in quarterly revenue from cloud services increased by 30%.  Dynamics, as we see, is very positive. To continue to successfully develop "strategic imperatives" IBM is actively buying up promising companies.  So, if in the first 9 months of 2015, IBM has acquired third-party assets worth $ 821 million, for the first 9 months of 2016 reached $ 5.45 billion was spent for the same purpose. Hardware IBM division - Group Systems, which includes revenue from the supply of mainframe and other systems and sale of operating systems - brought the company $ 1.6 billion, or 21% less than the year before.  IBM explained  the fact that the supply systems z Systems cycle came to an end.  Now we have to wait for orders to the next wave of supply.    Yesterday, at the end of trading the company's shares have fallen in price by about 3% - up to $ 150.21 per security.  But in the fourth quarter, the company expects revenues to increase sequentially.   Related Products :

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