International Business Machines Corp. (NYSE:IBM) is facing a rough year and the coming year is also expected to be full of problems for the company. The stock is touching all-time lows. International Business Machines Corp. (NYSE:IBM) is trying with different things. Perhaps the only thing which worked for International Business Machines Corp. (NYSE:IBM) in 2014 was Cloud and this is the most crucial area as Cloud and Big Data is the future, according to many experts. Reuters news agency reported that IBM executive has claimed that IBM got huge breakthroughs in the Cloud domain.
The Enterprise and small businesses and swiftly migrating to Cloud in order to leverage their resources. International Business Machines Corp. (NYSE:IBM), being a big Cloud player is making deals with banks, Software Company, medical and healthcare startups to seize the market in the coming years.
IBM has struck a new deal with Equinix, which is a data center provider. International Business Machines Corp. (NYSE:IBM) is opening up its new data center facilities in 9 more countries. International Business Machines Corp. (NYSE:IBM) is also trying to give customization and leveraging ability to its partners to enjoy solutions which are more suitable to their on-premise as well as Cloud based services and systems.
In 2013, International Business Machines Corp. (NYSE:IBM) Cloud revenue was $4.4 billion. It went up by 50% in the first quarter of this year. The source said that although it is still a small amount of its total $94 billion revenue, the company is still a leading player in the Cloud domain.
International Business Machines Corp. (NYSE:IBM) is one of the companies which are providing hybrid Cloud services. These services let the Enterprise to use the perfect amalgamation of private and public Cloud platforms.
As of June 30, 2014, Ken Fisher’s Fisher Asset Management owns over 18 million shares in Intel Corporation (NASDAQ:INTC).
Suggested Articles:
Smartest Countries In The World
