Latest Breaking News On - Growing hybrid cloud platform adoption - Page 1 : vimarsana.com

IBM Reports 2021 First-Quarter Results Highlights Revenue of $17.7 billion, up 1 percent (down 2 percent adjusting for currency) Cloud Cognitive Software up 4 percent (up 1 percent adjusting for currency) Systems up 4 percent (up 2 percent adjusting for currency) Global Business Services up 2 percent (down 1 percent adjusting for currency) Total cloud revenue of $6.5 billion, up 21 percent (up 18 percent adjusting for divested businesses and currency) Cloud revenue of $26.3 billion over last 12 months, up 19 percent (up 18 percent adjusting for divested businesses and currency) Red Hat revenue up 17 percent (up 15 percent adjusting for currency), normalized for historical comparability GAAP gross profit margin of 46.3 percent, up 120 basis points; Operating (non-GAAP) gross profit margin of 47.3 percent, up 110 basis points

Arvind krishnaJohn bukovinskySarah meronJames kavanaughGlobal technology servicesRed hatGlobal business servicesSystems softwareCloud cognitive softwareInfrastructure cloud servicesEffect of exchange rateTechnology support servicesGlobal process servicesExchange commissionGrowing hybrid cloud platform adoptionRevenue growth