Cloud Computing Economics - There Is No Free Service

Cloudonomics Journal

Subscribe to Cloudonomics Journal: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Cloudonomics Journal: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn


Cloudonomics Authors: Lori MacVittie, Skytap Blog, David H Deans, Shelly Palmer, Tim Crawford

Related Topics: Cloud Computing, Cloudonomics Journal, IBM Journal, Cloud Development Tools

Article

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)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.