IBM (NYSE: IBM) has reported third-quarter revenue up 11 percent (up 10 percent adjusting for currency), the company said.
Cloud revenue over the last 12 months was USD 15.8 billion, including USD 8.8 billion delivered as-a-service and USD 7.0 billion for hardware, software and services to enable IBM clients to implement comprehensive cloud solutions. T
he annual exit run rate for as-a-service revenue increased to USD 9.4 billion from USD 7.5 billion in the third quarter of 2016. In the quarter, revenues from analytics increased 5 percent. Revenues from mobile increased 7 percent and revenues from security increased 51 percent (up 49 percent adjusting for currency).
Year to date, consolidated diluted earnings per share were USD 7.24 compared to USD 7.67, down 6 percent year to year. Consolidated net income was USD 6.8 billion compared to USD 7.4 billion in the year-ago period, a decrease of 8 percent. Revenues from continuing operations for the nine-month period totaled USD 56.6 billion, a decrease of 3 percent year to year (decrease of 2 percent adjusting for currency) compared with USD 58.1 billion for the first nine months of 2016.