IBM: Strong Cloud Revenue Growth Powers Q3
IBM today announced third-quarter 2020 earnings results. Although overall revenue was slightly down again cloud revenue was up big. “The strong performance of our cloud business, led by Red Hat, underscores the growing client adoption of our open hybrid cloud platform,” said Arvind Krishna, IBM chief executive officer. “Separating the managed infrastructure services business creates a market-leading standalone company and further sharpens our focus on IBM’s open hybrid cloud platform and AI capabilities. This will accelerate our growth strategy and better position IBM to seize the $1 trillion hybrid-cloud opportunity.”…
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