Tech major IBM reported revenue of $17.6 bn during the quarter ended on Sept. 30, compared to $18 bn in the same period last year, slipping for the third consecutive quarter this year. Net income, however, was up slightly to $1.7 bn. IBM’s cloud computing business rose to 19% to $ 6 bn. IBM recently regrouped to focus on cloud computing by spinning off its division for managed infrastructure to ramp up competition with markets leaders — Amazon, Microsoft and Google.
TCS and IBM have extended collaboration to help clients migrate, manage, and transform the mission-critical workforce to IBM Public cloud. They together aim to develop and market Red Hat OpenShift containerized solutions. As a part of the alliance, TCS will set up IBM Enterprise Cloud Architecture Unit with technical professionals from both firms. The firm will use IBM Cloud Pak for Application, Data, Integration, Automation, Multicloud Management, Security.
The nationwide lockdown resulted in the extensive use of cloud storage applications as organisations switched to remote working. IBM is likely to see the growth of cloud storage and application services business usage in this FY. IBM’s new customers in retail, telecom and other sectors are increasingly investing in cloud services to facilitate and secure remote work. Phishing attacks led to gaps in BCPs.