https://www.cnbc.com/amp/2021/10/26/microsoft-msft-earnings-q1-2022.html
9 replies (most recent on top)
IBM is no longer in the Cloud business. This has been stated multiple times by the IBM Execs. IBM is back in the business of selling software, whatever that means.
And Amazon cloud revenue up 39%.
The entire* cloud market is growing like crazy.
*Except IBM
If Amazon, Microsoft, Google and Apple were only B2B, their numbers would stink too.
Can't fix stupid
Red Hat not saving us?
Oh no
Much more to Cloud than just the 3 hyperscalers. SFDC, SNOW, WD, etc. IBM needs a cloud strategy that isn't just DB2 and MQ on OCP. And fast.
And Google cloud revenue up 44.9% to $5B revenue.
The entire* cloud market is growing like crazy.
- Except IBM
Tom Rosamilia (SVP of Cloud & Cognitive, now IBM Software), was very clear on his All-Hands call that IBM no longer competes with the big Cloud providers because we can't since the IBM Cloud is essentially just the Financial Cloud that pretty much no companies use.
And why do you think IBM is renaming the Cloud and Cognitive (C&CS) division to IBM Software? It is called capitulation!
From this point on, IBM is back into buying companies right and left, to try to increase it revenues mid-single digits to make good on the promise it made at the last Investor Briefing.
Brace for more layoffs in Q1 2022.
50% Azure growth YoY while IBM treads water.
This is the reason why IBM has stopped trying to compete with the hyperscalers… they are now partners!