IBM might finally be in for a sales turnaround after 17 quarters of falling revenue

Her strategies seems to be working: The “strategic imperatives” and cloud business lines grew 12% and 30% respectively in the second quarter, accounting for over half of the company’s revenue for the period.

Overall, the company brought in $20.2 billion in revenue in the second quarter—just shy of the $20.6 billion it brought in during the same quarter last year.

From IBM might finally be in for a sales turnaround after 17 quarters of falling revenue.

More from Iain Thomson at The Register:

A repeated theme in the earnings call was that IBM is reinventing itself into a cognitive solutions and cloud platform company, and there was good news on both those counts. Its cognitive solutions division saw revenues grow to $4.7bn, up 3.5 per cent. Cloud products in that sector rose 54 per cent, and 30 per cent across all of Big Blue’s businesses.

However:

The biggest loser was IBM’s systems division, which saw revenues fall 23.2 per cent to just $2bn. For this past quarter, z Systems revenues were down 40 per cent, which Schroeter said reflected where the biz is in the product cycle, and storage hardware revenues fell by 13 per cent.

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