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IBM Imagines the Cloud Putting $7 Billion in Its Pocket

Palmisano told the company’s annual investors’ meeting Tuesday that Blue is into “thousands” of cloud engagements

IBM CEO Sam Palmisano told the company's annual investors' meeting Tuesday that Blue is into "thousands" of cloud engagements and that the last "technical shift in the enterprise" represents a "$7 billion opportunity for us."

IBM also expects to be getting 30% of its revenue from emerging markets by '15, up from a previous prediction of 25%.

Palmisano reiterated his projection of delivering at least $20-a-share EPS by 2015, largely on the back of software, which should double its margin by then.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at) or paperboy(at), and by phone at 516 759-7025. Twitter: @MaureenOGara

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