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Cloud and analytics help IBM exceed expectations

July 20, 2018 / Clare Hopping

IBM's strategic imperatives division, which includes its cloud, analytics, mobile and security technologies has contributed half of the company's revenues in the last 12 months, according to Big Blue's latest financial results - a significant increase compared to previous years. Security revenues experienced the highest levels of growth in the second quarter of 2018, up 81% year-on-year, but cloud came in second with a 20% rise year-on-year. Analytics revenues increased by 7% and mobile revenues were up 5% during the last quarter. But it was the cloud part of IBM's business that experienced mammoth gains over the entire 12 months, growing by 23% and totalling revenues of $18.5 billion. $8.2 billion of this was raked in from the company's hardware, software and services to offer customers hybrid cloud solutions across multi-cloud, private and public cloud services.