Deutche Bank is one of IBM's key financial industry customers. Things are not looking good for big cloud wins for IBM. And now this account will probably be in steady revenue decline.
If IBM is to have any success with the bigger Cloud power-user customers, IBM will, most likely, be chosen as a backup cloud. The other four competitors (AWS, Google, Azure, and Oracle) will probably dominate the Cloud business. To succeed as a major Cloud player, IBM must retain its biggest accounts as primary Cloud customers.
This loss to Google Cloud in one of their big customers is a major multiple alarm fire for the IBM Cloud Business. One has to wonder if IBM Cloud was even taken into serious consideration in this competitive bid.
https://www.sdxcentral.com/articles/news/google-cloud-beats-rivals-wins-deal-with-troubled-deutsche-bank/2020/07/?utm_campaign=website&utm_source=sendgrid&utm_medium=email