The American company IBM unveiled its results for the first quarter of 2022 on April 19. The group specializing in the sale of computer hardware but also software and cloud services, recorded for the third time in a row an increase in its turnover.
The growth of the IBM group is confirmed
Big Blue announced that it recorded an 8% increase in revenue from the previous year, reaching $14.2 billion in revenue for the first quarter of 2022. We’ve had a strong start to the year and now see revenue growth for 2022 at the high end of our model. said Arvind Krishna, Chairman and CEO of IBM.
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The group’s branches of activity are flourishing. Revenue increased 12% from 2021 for software sales, 13% for consulting revenue and 14% for hybrid cloud with $5 billion recorded. Only infrastructure sales experienced a 2% drop in turnover compared to last year.
” In the first quarter, we continued to strengthen the fundamentals of our business, in line with our medium-term model explains James Kavanaugh, senior vice president and chief financial officer of the group.
Separations and purchases that pay off
Financial results of this first quarter confirm the strategic choices of Arvind Krishna who arrived in 2020. Kyndryl’s split from the IBM group was carried out in November 2021 and enabled him to generate more income. The two companies are still closely linked commercially. Among the 8% increase this quarter, more than 5 percentage points are due to transactions between the two companies.
In 2018, IBM also acquired software company Red Hat for $34 billion. This acquisition, the most expensive for the technology giant at the time, is a successful bet. In the first quarter of 2022, Red Hat saw an 18% increase over 2021.
For now, the future is bright for IBM. ” We see full-year 2022 sales growth at the high end of our forecast with a 3.5% contribution from additional sales by Kyndryl “said Arvind Krishna during a point with analysts. ” We believe that the demand for information technology will increase further in the near future. »