Earlier in the series, we discussed IBM’s (IBM) Cognitive Solutions performance in fiscal 3Q17. Now, let’s look into the Strategic Imperatives segment performance in the last quarter. In 3Q17, the segment accounted for approximately 45% of IBM’s overall revenue, a 10% increase in constant currency terms. IBM’s Strategic Imperatives segment, which refers to its investments in SMAC (social, mobile, analytics, and cloud) and security technologies has security as its largest component.
Security offering revenues rose ~51%, driven by the company’s security software offerings and new z14 mainframe encryption capabilities. Cloud revenues rose 20% and now form 20% of IBM’s overall revenue. In fiscal 3Q17, revenue from as-a-service offerings rose 25%.
View more information: https://marketrealist.com/2017/11/ibms-strategic-imperatives-segment-performed-3q17/