IBM targets $40 billion in cloud, related revs in 2018

The aggressive target, set by IBM executives at the company's annual investor meeting in New York on Thursday, is the latest step for the technology giant towards emerging, high-margin businesses and away from its previous strongholds in hardware and servers. The $40 billion will come from areas which IBM calls its "strategic imperatives", namely cloud, analytics, mobile, social and security software. The company said it would shift $4 billion in spending to its "strategic imperatives" this year. IBM Chief Executive Virginia Rometty has said she is happy to jettison revenue from unprofitable businesses, what she has called "empty calories".

via Business News http://ift.tt/181DRJm