First, IBM's cloud revenue rose 30% annually, with 17% growth at Red Hat, and accelerated from its 19% cloud revenue growth in the first quarter. Second, its gross margin expanded annually as the expansion of its cloud platforms and Red Hat boosted its scale, productivity, and operational efficiencies. Lastly, investors seemed reassured by CEO Arvind Krishna's focus on the "hybrid cloud" market, which he mentioned dozens of times throughout IBM's conference call. Read More...
Can the Hybrid Cloud Market Generate Fresh Growth for IBM?
First, IBM’s cloud revenue rose 30% annually, with 17% growth at Red Hat, and accelerated from its 19% cloud revenue growth in the first quarter. Second, its gross margin expanded annually as the expansion of its cloud platforms and Red Hat boosted its scale, productivity, and operational efficiencies. Lastly, investors seemed reassured by CEO Arvind Krishna’s focus on the “hybrid cloud” market, which he mentioned dozens of times throughout IBM’s conference call.
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