MIPS Go Mad: IBM Hits “Historical” Mainframe Highs

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Cloud and mainframes: they may seem like an unlikely combination, but they look like the twin pillars of IBM’s future, as Big Blue returned the first quarterly revenue growth in five quarters, reporting earnings of $21.77 billion for its fiscal Q4, 2019.

The numbers, up 0.1 percent on Q4 2018, superficially look uninspiring.

There was much for IBM to be pleased about though, including robust demand for its cloud (up 23 percent for the quarter), with annual cloud revenue of $21 billion.

The company plans to ramp up infrastructure investment as a result, CFO Jim Kavanaugh told analysts late Tuesday: “We’re expanding

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