IBM's Q4 revenues could signal greater focus on cybersecurity offerings in company's future

Listen
Text
  • Small
  • Medium
  • Large

Despite overall drops in earnings and revenue, IBM announced its cloud, mobile, security and analytics investments are up.

Revenues for IBM Security, the company's cybersecurity arm, grew 12 percent in 2015, its second year of double-digit growth, according to a Forbes report. In light of December statements from IBM Security's Vice President of Strategy and Product Management Marc van Zadelhoff about the company's efforts to bolster sharing among the cybersecurity "good guys" through strategic partnerships in its App Exchange, it's feasible IBM could consider doubling down to making itself a major cybersecurity vendor in the near future.

"We continue to make significant progress in our transformation to higher value. In 2015, our strategic imperatives of cloud, analytics, mobile, social and security grew 26 percent to $29 billion and now represent 35 percent of our total revenue," Ginni Rometty, IBM chairman, president and CEO, said in a statement. "We strengthened our existing portfolio while investing aggressively in new opportunities like Watson Health, Watson Internet of Things and hybrid cloud. As we transform to a cognitive solutions and cloud platform company, we are well positioned to continue delivering greater value to our clients and returning capital to our shareholders."

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars