International Business Machines Corp. (IBM) Cloud Services Have A Magnificent Year, Plans Expansion In Primary Global Markets

International Business Machines Corp. (IBM)

With its shares trading near its 52-week low, International Business Machines Corp. (NYSE:IBM) is still having an excellent year with its cloud services. The technology company announced expansion of its cloud service centers by nearly 25% touching 40 cloud centers throughout the globe.

IBM would have 49 cloud facilities around the world including three new centers in Tokyo, Frankfurt, and Mexico City. At the same time, International Business Machines Corp. (NYSE:IBM) has formed an alliance with Equinix Inc (NASDAQ:EQIX) to open nine new cloud facilities in the U.S., Singapore, Australia, Japan, The Netherlands and France.

Earlier this year, the tech giant announced investments of $1.2 billion in cloud growth and IBM came up with three new centers in Frankfurt, Tokyo, and Mexico City.

International Business Machines Corp. (IBM)

 

Robert LeBlanc, IBM’s Software and Cloud Solutions senior VP, said,

“IBM recognizes that businesses and governments need the cloud to help them innovate, grow and operate more efficiently in concert with their existing IT investments. Just as we helped major organizations transform in each preceding era of IT, IBM now serves as the cloud platform for the enterprise.”

This is rather a transition phase for International Business Machines Corp. (NYSE:IBM) deviating from its classic business model into corporate client service providers. IBM offers hybrid cloud services and according to a latest research from Gartner Inc., nearly half of the enterprises will use hybrid cloud services by 2017.

Charles King, Pund-IT Inc., is expecting more investments and changes in the hybrid cloud industry from top players including Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Google Inc (NASDAQ:GOOGL). At the same time, he said that IBM would continue to be the major service provider for traditional enterprise clients.

King added,

“You can see the other cloud players, including Amazon, making a pitch that their own services are ready for the enterprise. IBM, though, is very well-positioned for that market right now. Markets evolve and mature in sometimes curious ways, so it will be interesting to see how IBM bears up as other companies try to invade the enterprise cloud space.”

This article has been written by Prakash Pandey.

Apple Inc. (AAPL) And International Business Machines Corp. (IBM) Launch Maiden Set Of Enterprise Apps

IBM Corp (IBM) – A Topic of Debate amongst Financial Experts

The 10 Craziest Conspiracy Theories That People Actually Believe

The 6 Easiest Franchises To Start Making Money With

Related posts

*

*

Top

Warren Buffett's Best Picks

Warren Buffett's these stock picks will crush the market over the next 12 months. Get our report FREE by becoming a member now