On the cloud side, business has more than doubled since 2017, to $8.9 billion from $4.1 billion.
Its quarterly sales beat analysts’ projections by more than $1 billion, fueled by corporate customers seeking to shift computing tasks to cloud-based systems.
Europe's biggest tech company reports 25% cloud revenue growth for 2019 but lowers cloud revenue guidance for 2020.
Revenue from cloud providers surged 48 percent in the fourth quarter, demonstrating after a period of slow growth the cloud hardware business's lumpy nature.
DCK Investor Edge: The exec lays out the role Colony 2.0 will play in 5G and edge computing.
Thanks to its acquisition of Red Hat, IBM's fourth-quarter cloud revenue was its highest ever.
The US data center giant's CFO says he's "befuddled" by unsatisfied Interxion investors' "chirping."
Bain invested in Beijing-based ChinData last year and merged it with existing portfolio company Bridge Data Centres to form a pan-Asian data center platform.
The company says it’s cutting costs in response to slow hyperscaler demand.