Long weekend read.
And to answer the question from the title: no.
https://www.itpro.co.uk/cloud/hybrid-cloud/359528/can-ibm-buy-its-way-to-cloud-success
9 replies (most recent on top)
The trail of technology (software/hardware) bodies is too long to think they can buy their way into the cloud competition. Ask people from Tivoli, Qradar, Lotus Notes, etc for evidence of their destruction. Now, maybe Red Hat. ugh.
If that page appeared in Wikipedia, there would be a warning: This page looks like it was written by the company itself.
At any rate, it does seem to accept some baffle-gab at face value.
The only thing that counts is revenue growth in TOTAL. Unfortunately, IBM can't make that happen. Amazon reports earnings this week, so is Microsoft. They both will be reporting high double digits growth in TOTAL.
IBM is a dead company. It's quarter free cash flow no longer even cover the dividend (1.4 B). Back in 2Q 2008, the free cash flow for the quarter as 3.7 B easily covering the 0.7 B dividend paid out. So since then the dividend paid has doubled but the free cash flow has taken a dive by more than 2.4 B. It is a slow but sure decline that will end up with the death of the company... and wait... IBM still has not re-started the share buyback program... though it is hard to believe they will be able to start it again...
@vae+1c0SPiFR - don't be naive; it's all financial engineering
Ok, let's be honest here. All of us internally know that IBM constantly pressures us to record as much revenue as absolutely possible as "Cloud", on EVERY deal. If your boss evaluates you on how much "Cloud" content is in your deals, guess what, a lot of revenue gets marked as Cloud that shouldn't be. Please tell me, does anyone on here truly believe that IBM's Cloud revenue number isn't skewed, or in many cases, fudged?
The revenue seems to be increasing - but that is because of the increase I the overall cloud demand - look at aws Google and azure revenue
I don’t think ibm cloud has a bright future or to be on top 3. Nothing new or worth trying in ibm cloud. May be Watson or lotus notes or quantum type scenario in the future.
They are becoming a consulting firm.
Once mainframe demand goes down not so many products are going to be profitable.
They already tried and failed. Softlayer.
$26.3B cloud a year. When exactly will it be enough to be labeled a success?
Yeah, like how IBM tried to buy their way into health care, with all the Watson Health acquisitions. How well did THAT work out??