Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.
In this Cloud Wars Minute, Bob reviews IBM‘s Q3 results that demonstrate the significant contribution of its consulting business.
This Cloud Wars Minute is sponsored by Celonis, the market leader in process mining and execution management. Join the world’s top 2,000 process fanatics and learn to fix process inefficiencies at Celosphere, the company’s annual conference which is being held November 9th and 10th in Munich, Germany.
00:35 — IBM posted its Q3 numbers last week. The driver of its cloud business growth is its consulting business.
01:29 — The company has its Q3 results broken down into three areas:
- Business Transformation: +14%, $2.2 billion
- Applications Operations: +17%, $1.6 billion
- Tech Consulting: +17%, $900 million
02:07 — Looking over the past 12 months, half of IBM Consulting‘s revenue is coming from its hybrid cloud business. The portion of consulting from hybrid cloud engagements is $8.9 million, which is up 28% over the past 12 months.
02:38 — Bob emphasizes how IBM highlights business transformation and not digital transformation.
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