IBM’s $1 Billion Revenue Target For Cloud In 2016

IBM has set an internal revenue goal for SoftLayer, its cloud-infrastructure business, of $1 billion in 2016, a person with knowledge of the matter said.

That’s an increase of about a quarter from the $700 million to $800 million in revenue the unit is expected to take in this year, said the person, who asked not to be identified because the financial information is still private. SoftLayer, which IBM acquired in 2013, had $335 million in sales the year before the acquisition.

The ambitious goal underscores the urgency of wringing growth from the cloud business -- where software and services are delivered over the Internet -- as customers shun other products from the 104-year-old company. IBM, a latecomer to selling cloud technology, has posted 14 straight quarters of declining revenue during its transition.

The company’s private and public cloud revenue reached $9.4 billion in the 12 months that ended Sept. 30. “This puts IBM at the forefront of the cloud market,” said Ian Colley, a spokesman at IBM, declining to comment on SoftLayer’s revenue. Of the company’s $92.8 billion in revenue for 2014, $7 billion came from cloud services and software.

It’s unclear whether SoftLayer’s revenue includes just infrastructure-as-a-service, or if there are additional software and services included. SoftLayer sales grew at a percentage in the double digits in the third quarter, IBM Chief Financial Officer Martin Schroeter said on an October conference call.

Public Cloud
SoftLayer has proved to be one of the biggest bets for IBM, which paid $2 billion for the business. The move was meant to boost IBM’s public cloud offerings and help it better compete with Amazon.com Inc. and Microsoft Corp. in providing remote computing services. Armonk, New York-based IBM said in 2014 it would spend $1.2 billion to build 15 additional data centers.

Meanwhile, rivals like Amazon, Microsoft and Google Inc. will boost competition in the cloud-computing business next year by cutting prices and driving companies -- including IBM -- to look for other ways to make money, according to Bloomberg Intelligence’s 2016 technology outlook.

Information Management: http://bit.ly/1Yakcjb

« Bitcoin's Forked: Chief Scientist Launches Alternative
Encounters Between Drones & Piloted Aircraft Are Increasing »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

Syxsense

Syxsense

Syxsense brings together endpoint management and security for greater efficiency and collaboration between IT management and security teams.

Alvacomm

Alvacomm

Alvacomm offers holistic VIP cybersecurity services, providing comprehensive protection against cyber threats. Our solutions include risk assessment, threat detection, incident response.

Jooble

Jooble

Jooble is a job search aggregator operating in 71 countries worldwide. We simplify the job search process by displaying active job ads from major job boards and career sites across the internet.

DigitalStakeout

DigitalStakeout

DigitalStakeout enables cyber security professionals to reduce cyber risk to their organization with proactive security solutions, providing immediate improvement in security posture and ROI.

MIRACL

MIRACL

MIRACL provides the world’s only single step Multi-Factor Authentication (MFA) which can replace passwords on 100% of mobiles, desktops or even Smart TVs.

Caldew Consulting

Caldew Consulting

Caldew specialise in providing information assurance and cyber security consultancy, covering the full spectrum of the security life cycle.

Infosecurity Europe

Infosecurity Europe

Infosecurity Europe is Europe’s number one information security conference and exhibition.

GE Digital

GE Digital

GE Digital is a leading software company for the Industrial Internet. Products include Industrial Cyber Security for Operational Technology (OT).

Philippine National Police Anti-Cybercrime Group (PNP-ACG)

Philippine National Police Anti-Cybercrime Group (PNP-ACG)

The mission of the PNP Anti-Cybercrime Group is to implement and enforce pertinent laws on cybercrime and other cyber related crimes and pursue an effective anti-cybercrime campaign.

Incognito Forensic Foundation Lab (IFF Lab)

Incognito Forensic Foundation Lab (IFF Lab)

IFF Lab is a premier cyber and digital forensics lab in India that offers forensic services and solutions, cyber security analysis and assessment, IT support, training and consultation.

FraudHunt

FraudHunt

FraudHunt protects your website from account fraud, ad fraud, fraud clicks, and malicious bots.

IoT M2M Council (IMC)

IoT M2M Council (IMC)

The IMC is the largest and fastest-growing trade organisation in the IoT/M2M sector.

Perimeter 81

Perimeter 81

Perimeter 81 is a Zero Trust Network as a Service designed to simplify secure network, cloud and application access for the modern and distributed workforce.

Concentric

Concentric

Concentric Data Risk Monitoring and Protection. Deep Learning to discover, monitor and remediate risks to sensitive data on-premises and in the cloud.

CyberSheath Services International

CyberSheath Services International

CyberSheath integrates your compliance and threat mitigation efforts and eliminates redundant security practices that don’t improve and in fact might probably weaken your security posture.

MyCena

MyCena

MyCena has developed a complete system of security, control and management for decentralised credentials.

RKVST

RKVST

RKVST is a powerful tool that builds trust in multi-party processes when it’s critical to have high assurance in data for confident decisions.

Splashtop

Splashtop

Splashtop’s cloud-based, secure, and easily managed remote access solution is increasingly replacing legacy approaches such as virtual private networks.

Castlepoint Systems

Castlepoint Systems

Castlepoint Systems is a pioneer in information governance, risk and compliance as a service. An all-in-one solution offering powerful risk management, built in compliance, cybersecurity and audit.

TRM Labs

TRM Labs

TRM enables risk management and compliance for a global community of financial institutions, cryptocurrency businesses and government agencies.

ETI-NET

ETI-NET

ETI-NET is the worldwide leader in managing critical data for industries that never stop.