IBM Says It’s No. 3 in Cloud Sales; Market Says Google

(Bloomberg) — When Alphabet Inc.’s Google published revenue from its cloud business for the first time last month, a feeling of bitter vindication swept through International Business Machines Corp.Google, which is ranked the third-biggest cloud provider in the world by industry analysts, reported $9 billion in cloud revenue for 2019. IBM lists $21 billion in cloud sales, yet usually it’s relegated to fifth place. Research firm Gartner Inc. even excludes it from their top-six rankings. After Google’s report, employees at IBM thought they’d finally get the credit they deserved.But the industry didn’t notice. Google still holds the bronze medal behind …read more

Source:: Yahoo Finance

Discover Tomorrow’s Winning Stocks!
Get our latest stock reports before everyone else! Actionable news, and breakout stocks w multi-bagger upside potential — delivered directly to your inbox.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.