Revenue from Cloud as a Service was $ 8.6 billion.

 

The Cloud business generated $ 13.7 billion to IBM in 2016. The figure was an increase of 35%, an escalation that the company celebrates; Cloud as a Service turnover accounted for 62.7% of the total or $ 8.6 billion.

The Blue Giant relates these good results to the «differentiated capabilities» that the service offers , especially for vertical sectors such as banking, airlines and retail.

The growth, says the firm through an official statement, is mainly due to the alliances established in recent years and the investment in data centers . It currently has a network of 16 facilities on European soil and a total of 50 spread throughout the world.

To have an approximate idea of ​​the percentage of business that the cloud represents for the firm, it should be said that in 2016 IBM reported a total income of 79.920 million dollars. That is, Cloud hardly represents a 17% of the total business.

Microsoft cloud services closed fiscal year 2016 with a 7% growth to $ 6.7 billion. Specifically, Azure billing doubled. The total revenue of Redmond’s was $ 85.3 billion. The cloud then accounted for 7.8% of the business.

Amazon’s latest financial results for the first nine months of 2016 revealed that AWS exceeded $ 8.6 billion in revenue.