For the first three months of 2021, IBM s Global Technology Services - the unit that handles managed services and outsourcing - brought in revenues of $6.37 billion. Its Cloud and Cognitive Software Division, which includes Red Hat, was up 4% with revenues $5.44 billion, with Red Hat on its own reporting impressive growth of 17%.
IBM s Global Business Services, which includes consulting, contributed $4.23 billion in revenue, a 2% increase year-on-year. System sales, such as mainframe computers, was also up 4% with revenue coming in at $1.43 billion. Strong performance this quarter in cloud, driven by increasing client adoption of our hybrid cloud platform, and growth in software and consulting enabled us to get off to a solid start for the year, said IBM CEO Arvind Krishna.