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The Wall Street Publication > Blog > Tech > IBM Revenue Up 8% on Momentum in Hybrid Cloud Business
Tech

IBM Revenue Up 8% on Momentum in Hybrid Cloud Business

Editorial Board Published April 19, 2022
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IBM Revenue Up 8% on Momentum in Hybrid Cloud Business
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International Business Machines Corp. reported a stronger-than-expected 8% revenue increase in the first quarter on continued momentum in its hybrid cloud platform, a key focus of the tech company’s transformation.

Revenue rose to $14.2 billion, from $13.19 billion a year earlier, beating analysts’ expected $13.78 billion, according to FactSet. The results were boosted by a 14% revenue increase from the hybrid cloud, which straddles public clouds, private clouds and as-a-service properties.

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