IBM has reported earnings of more than $10bn from its cloud operations in 2015, a strong 43 percent increase on 2014.
IBM revealed the increase in its full-year earnings report for 2015, which also showed that, despite the cloud growth, the firm saw overall revenues fall 12 percent for the year from $92.8bn to $81.7bn.
However, this was affected by the removal of several divisions from the balance sheet owing to acquisitions, such as the server business to Lenovo, and currency fluctuations affecting overseas income.
Other areas of growth for IBM were business analytics, which rose by seven percent to $18bn, security revenues, which rose by five percent, and a tripling of mobile revenues.
IBM CEO Ginni Rometty played up this growth as key to the firm’s future, rather than dwelling on the overall revenue decline.
"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 $29bn and now represent 35 percent of our total revenue," she said.
"We strengthened our existing portfolio while investing aggressively in new opportunities like Watson Health, Watson Internet of Things and hybrid cloud.”
Martin Schroeter, IBM’s chief financial officer, also revealed during an earnings call to discuss the results that IBM has now done over $1bn worth of business thanks to its partnership with Apple to sell IBM's MobileFirst apps for iOS.
"These apps allow our clients to securely access their most critical data and processes, so that they can redesign workflows and drive productivity," he said.
"Since we announced the partnership with Apple, we’ve generated over $1bn in signings from the programme."
The market was not overly impressed with the results, despite IBM's attempt to put a positive spin on the situation, and the firm's share price fell in after-hours trading on the New York Stock Exchange.
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