2021 1Q Cloud Revenue up 23 percent (up 21 percent adjusting for currency).
2021 2Q Cloud Revenue down 16 percent (down 19 percent adjusting for currency).
2021 3Q Cloud revenue down 42 percent (down 43 percent adjusting for currency).
Perhaps better to call it the IBM Fog?
Amazon Web Services (AWS) saw 39 percent growth in its third-quarter cloud computing revenue. AWS revenue increased to $16.1 billion for the three-month period ended Sept. 30, up from $11.6 billion in the same period last year, under its fastest growth rate since the first quarter of 2019, when revenue jumped 44 percent.
Soon AWS revenue alone will exceed total IBM revenue.
As goes HW so goes TSS With the double digit shrinking of Power and storage TSS may shrink at a faster rate as time moves on Z will remain quasi stable
What is going on with TSS?
Not only is the Cloud revenue all over the place, with no clear positive trend; many of us also know for a fact that revenue is moved from for example the Mainframe bucket when they occasionally have a good quarter.
Since that bucket is slowly but surely being emptied for other fundamental IBM problems this revenue booster lifeline is soon gone.
Source? IBM's own earnings releases.
This is very hard to prove as every major organization defines cloud revenue differently IBM’s definition is certainly not like any of the majors
All the accounts we support are on Azure or AWS. Esplain that Lucy
Source?