Payments Awards

IBM returns to growth

Written by Mark Evans
19/01/2018

IBM has had a rocky time over the last five years, with 22 quarters of declining revenue, but the ‘Big Blue’ has finally seen growth in the fourth quarter of 2017.

IBM grew its top line by 1 percent ($22.5bn) with cloud, software and consulting being some of the areas of greatest success, and cloud revenue in particular growing by 24 per cent, making IBM a potential competitor to Microsoft and Amazon.

Despite the upturn, IBM stock remains at practically the same level as it was a year ago.