View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cloud
February 27, 2015

IBM shifts $4bn to target $40bn Cloud revenue

Analytics, mobile, social and security technologies are key strategic areas.

By James Nunns

IBM has announced to its analysts a shifting of $4bn in 2015 spending in order to push growth in analytics, cloud, mobile, social and security technologies.

The goal is to increase revenue in these sectors, with the company aiming at achieving annual revenue of $40bn in combined annual revenue by 2018.

Currently the company generates $25bn from these sectors based on finances from the past year, therefore a $15bn increase will be required in the next 3 years.

The company is clearly pinning its hopes on being dominant in these sectors. If it were to achieve these targets then the $40bn would make up 44% of the company’s total revenue based upon total revenue last year of $90bn.

IBM is currently predicting falls in revenue due to the strength of the U.S. dollar, with revenue expected to dip by 5-6%.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.