Together, these helped IBM’s Cognitive Solutions business generate more than $18 billion in revenue in 2017. In 2019, IBM delivered a second consecutive year of revenue growth excluding the impact of currency and divestitures. Find related and similar companies as well as employees by title and much more. IBM Revenue third quarter 2020 Y/Y Growth Comment: International Business Machines Corporation reported decrease in Revenue in the third quarter by -2.6% to $ 17,560.00 millions, from the same quarter in 2019. The declining revenue was driven by IBM Z (due to product cycle dynamics) and Storage Systems (due to decline in high-end storage and pricing pressures). IBM, which belongs to the Zacks Computer - Integrated Systems industry, posted revenues of $18.12 billion for the quarter ended June 2020, surpassing the Zacks Consensus Estimate by 2.32%. IBM said "new Red Hat engagements" were expanding, and "our cloud revenue … IBM, and how this translates to growth for IBM, for businesses and for the world. View IBM (www.ibm.com) location in New York, United States , revenue, industry and description. For … 2018: Return to Growth In 2018, IBM achieved $79.6 billion in revenue and operating earnings per share of $13.81. Though revenue was down, Big Blue narrowly beat industry expectations. The decrease in the third quarter International Business Machines Corporation's Revenue compares unfavorably to the Company's average Revenue decrease of -0.78%. Cloud by itself is now more than 21 percent of our total revenue. Our strategic and continued investment in innovative IBM's cloud revenue growth grew almost as fast as Red Hat's, which is a positive sign. IBM unsure what 2020 will bring as revenues drop again in quarter. That helped offset revenue declines in the tech support units Global Business Services and Global Technology Services, which account for about 56% of IBM’s total revenue. We ended the year on a strong note, with accelerating revenue growth and our strongest year-to-year increase in gross profit margins in over a decade. IBM expects to produce low-single-digit revenue growth annually as part of its long-term model, driven by 15% to 20% annual growth in its cloud-as … On a stand-alone basis, Red Hat grew its revenue by 20% in the third quarter. IBM should be able to muster some revenue growth in 2020, thanks to Red Hat and the new mainframe. verticals, such as Watson Health. 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