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Cloud IBM's new approach favors your sales.

Today more than ever the migration of the cloud has greatly helped software manufacturers to increase their sales. In a recent report, the company International Business Machines Corp. brought out that its revenue exceeded analyst expectations, which were promoted by a strong demand for the software unit, which encompasses its hybrid cloud offering. This indicates that the organization's efforts to convert the 110-year-old tech giant are bearing fruit.

This report deduced that the IBM software unit had an increase of 8.2% equivalent to US$7.3 billion. and consulting, increased by 13%, which represents US$4.7 billion compared to the previous year. This increase reached 6.5% which is similar to US$16.7 billion for the quarter ending in December. Without a doubt, this was the largest increase in at least 10 years.

On the other hand, it is noteworthy that analysts expected an average of US$16,000 million. The stock was up about 5% in extended trading. Jim Kavanaugh, CFO of IBM in an interview said “This is the beginning of the new IBM and the prospect of what we expect in the future”, “We saw a very healthy acceleration in cloud and consulting, both are key areas of increase".

These results were the first since IBM completed in November the break-up of a very significant part of its infrastructure services unit to start a new company called Kyndryl, which encompasses service operations such as customer data center management and customer support. traditional information technology. The divestiture marked the fourth part of IBM's transformation and marked a significant step for CEO Arvind Krishna's plan to induct Big Blue into cloud and AI.

Hybrid cloud revenue was up 16% to $6.2 billion from sales. The strategy employed by Arvind Krishna focuses on mainframe computers and information technology services, in which the cloud helped revive sales after years of stagnant revenue.

On the other hand, when companies move a large part of their operations to the Internet, the software manufacturer IBM saw the need to face competition from cloud services by promoting a hybrid model, which consists of the storage of data regarding local infrastructure, private cloud services and servers managed by public providers.

Previously, software maker IBM made a profit because systems couldn't be easily integrated, but now everything has changed with the cloud,” said the Morningstar analyst. Julie Bhusal Sharma.

What is true is that the pandemic has prompted companies to migrate their workloads to the cloud. Before this event it is necessary that your organization is supported with specialized advice focused on best practices and adapted to your situation.

For the above, at Licensing Assurance we can advise and support you so that your migration to the cloud is as safe as possible and without margins of error. For each of our success stories, we look for options that can provide the greatest number of benefits to your company by being independent of any software provider.

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Licensing Assurance (LA) is the international software management consulting house that companies can trust. Our main objective is to OPTIMIZE your software assets saving you up to 30% on your budget for your IT investments. Our service focuses on consulting (assertive advice + solution + methodology), commitment, reliability and a series of strategies that are consistent with the priorities and challenges of each of our success stories.

In (LA) we have a team of specialists around America, who help companies manage their software assets efficiently, optimally and profitably, providing savings opportunities and control of their software licensing; in addition to helping them comply with the legality of their software contracts, mitigate the risks of software audits and even cancel them, depending on the case. Likewise, we have solutions for datacenters, supporting you to guarantee month-to-month profitability, based on complete solutions adapted to each need.

Founded in 2014, since then we have supported and guided more than 5,000 companies in 46 countries, controlling and optimizing their software assets, saving them time and up to 30% of their IT investments, creating benefits in terms of contractual legality and compliance with your licensing. To learn more about LA, please visit:http://www.licensingassurance.com/ and on LinkedIn: https://www.linkedin.com/company/licensing-assurance