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.
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.
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.