Growing demand for cloud services helps boost revenue at IBM

IBM Corp. has seen double-digit revenue growth in commercial cloud services with rising public cloud adoption, a senior executive at the American technology leader said.

IBM classifies customers beyond its top 200 enterprise customers as commercial. The company has over 1,000 customers using IBM Public Cloud, which largely caters to mid-market businesses.

“Our cloud integration platforms over the past two-three years have been very successful. In the commercial space, IBM’s focus has been on new customer acquisition and we are seeing double-digit revenue growth in this space, with public cloud gaining traction,” Vikas Arora, vice-president, cloud and cognitive software and services, IBM India and South Asia, said in an interview.