For … On a stand-alone basis, Red Hat grew its revenue by 20% in the third quarter. IBM, which belongs to the Zacks Computer - Integrated Systems industry, posted revenues of $18.12 billion for the quarter ended June 2020, surpassing the Zacks Consensus Estimate by 2.32%. IBM said "new Red Hat engagements" were expanding, and "our cloud revenue … Our strategic and continued investment in innovative IBM's cloud revenue growth grew almost as fast as Red Hat's, which is a positive sign. Though revenue was down, Big Blue narrowly beat industry expectations. View IBM (www.ibm.com) location in New York, United States , revenue, industry and description. Find related and similar companies as well as employees by title and much more. T he key revenue drivers for IBM ( IBM) are global IT spending, demand for technological integration in business and cloud adoption.The company maps its industry … 2018: Return to Growth In 2018, IBM achieved $79.6 billion in revenue and operating earnings per share of $13.81. The decrease in the third quarter International Business Machines Corporation's Revenue compares unfavorably to the Company's average Revenue decrease of -0.78%. IBM unsure what 2020 will bring as revenues drop again in quarter. Cloud by itself is now more than 21 percent of our total revenue. International Business Machines Corporation (IBM) revenue 2009-2020, by quarter Domestic sales of IT services industry New Zealand 2010-2019 Mexico: ICT service providers revenue 2018-2019, by type In 2017, our cloud revenue grew 24 percent, to $17 billion. IBM Revenue third quarter 2020 Y/Y Growth Comment: International Business Machines Corporation reported decrease in Revenue in the third quarter by -2.6% to $ 17,560.00 millions, from the same quarter in 2019. In 2019, IBM delivered a second consecutive year of revenue growth excluding the impact of currency and divestitures. IBM should be able to muster some revenue growth in 2020, thanks to Red Hat and the new mainframe. We ended the year on a strong note, with accelerating revenue growth and our strongest year-to-year increase in gross profit margins in over a decade. For the full year, we returned to revenue growth, grew earnings per share and stabilized margins. Together, these helped IBM’s Cognitive Solutions business generate more than $18 billion in revenue in 2017. verticals, such as Watson Health. That helped offset revenue declines in the tech support units Global Business Services and Global Technology Services, which account for about 56% of IBM’s total revenue. 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