https://www.theregister.com/2021/01/22/ibm_q4_results/
12 replies (most recent on top)
They trying to reduce the CONFIDENCE level by creating FAKE opportunities.
Is 39% growth in Cloud is from Public or Private Cloud? Or something other group?
Please ! this is all part of the transformation that Ginni started. Even though this has gone on for years,please remember that Rome wasn't built in a day. **** Julius
IBM will continue to shrink... this is the current strategy management is applying.
I'm suspecting "Cloud revenue for the group was up 39 per cent" could be contributed by IBM Public Cloud... Because Cloud & Data Platform is SaaS offerings.
Because it's fake math.
"Within that group, Cloud & Data Platforms, led by Red Hat, increased nine per cent. Cognitive Applications was flat and Transaction Processing Platforms declined 24 per cent. Cloud revenue for the group was up 39 per cent"
Don't understand this. If only Red hat grew by 9% how did the group grew by 39%?
Revenue $B
2011 106.9
2012 104.5
2013 99.8
2014 92.8
2015 81.7
2016 79.9
2017 79.1
2018 79.6
2019 77.1
2020 73.6
Ustream founded 2007, so allowing for rounding 20 years prior.
Promontory Financial Group founded 2001
Iris Analytics founded 2007, see above
Resource Ammirati founded 1981
Ugh, my math s—s! But still, Resource Ammirati. If I cared more I'd check the rest of the 2016 acquisitions.
@1bpg:
Ustream founded 2007, so allowing for rounding 20 years prior.
Promontory Financial Group founded 2001
Iris Analytics founded 2007, see above
Resource Ammirati founded 1981
And that's just the first four I checked.
You should maybe check your "facts" a bit better before throwing around words like "liar".
(For the record, not the previous poster)
Liar I know for a fact that IBM did not acquire any companies from 2015 thru 2017 that had existed for more than 12 years
No surprise... I work for a company that was acquired by IBM in 2016. We grew every year for 20 years prior but under IBM, have declined for the last five, so prior to the pandemic. Pointless layoffs, declining revenues, wasted time on corporate re-education, bluewashing, etc. It is an insidious form of destruction that is almost impossible to describe. IBM just doesn't get it. I am ashamed to have ever worked for them now, they are a stain on my resume. And of course they hired Gary Cohn as Vice Chairman.