IBM to invest 4 billion dollars in emerging businesses like cloud computing

Beijing time February 26 Evening News, IBM said at the annual investor conference today, by 2018, the company from cloud computing, large data, security and other emerging areas of revenue will reach 40 billion of dollars.

The goal highlights IBM's strategy to shift from hardware and server services to emerging high-margin business. This 40 billion-dollar revenue will come from IBM's so-called "strategic urgency" business, including cloud computing, analytics, mobile, social and security software.

According to Wall Street, IBM's total revenue will reach $90 billion trillion in 2018. This means that revenues from the emerging businesses will account for about 44% of total revenue, compared with a revenue of 25 billion U.S. dollars last year, accounting for about 27% of the total sales of 93 billion dollars.

IBM also said it would transfer 4 billion of billions of dollars to its "strategic urgency" business this year. IBM's revenues have been slipping over the past three years as a result of the sale of some nonprofit sectors, such as low-end servers and semiconductors.

Virginia Rometty, IBM CEO Virginia Romanti, said she was delighted that sales of the non-profit business had led to a fall in revenue. Over the past 11 quarters, IBM's revenues have been slipping and profits have occasionally increased.

IBM said its long-term plan was to achieve a "low number" of revenue gains and a "higher number" per share of operating profits. Last year, IBM canceled its 2015 per-share operating profit of $20 trillion.

(Responsible editor: Lvguang)