Ibm Stock Cloud Computing

The latest and trending news from around the world.

IBM, Stock, Cloud computing
IBM, Stock, Cloud computing from

IBM Stock Dips Following Cloud Computing Earnings Miss

Key Points

IBM's Stock Falls After Cloud Computing Earnings Miss

IBM's stock fell 5% in after-hours trading on Monday after the company reported a miss on its cloud computing earnings. The company reported revenue of $6.3 billion for its cloud business, which was below the $6.5 billion that analysts had expected. IBM also reported a loss of $1.1 billion for its cloud business, which was wider than the $800 million loss that analysts had expected.

The miss on cloud earnings is a sign that IBM is struggling to compete with Amazon and Microsoft in the cloud market. Amazon Web Services (AWS) is the leader in the cloud market, with a market share of over 30%. Microsoft Azure is the second-largest cloud provider, with a market share of over 20%. IBM is a distant third in the cloud market, with a market share of less than 10%.

IBM has been trying to catch up to AWS and Azure by investing heavily in its cloud business. However, the company has not been able to keep up with the pace of innovation of AWS and Azure. As a result, IBM has lost market share in the cloud market.

The miss on cloud earnings is a setback for IBM. The company is facing increasing pressure from AWS and Azure, and it is clear that IBM needs to do more to compete in the cloud market.

Analysts Say IBM is Struggling to Compete in the Cloud Market

Analysts say the miss on cloud earnings is a sign that IBM is struggling to compete in the cloud market. "IBM is facing an uphill battle in the cloud market," said analyst Patrick Moorhead. "AWS and Azure are the clear leaders, and IBM is struggling to keep up."

"IBM needs to do more to compete in the cloud market," said analyst Daniel Ives. "The company needs to invest more in its cloud business and it needs to come up with new and innovative cloud products and services."

It is clear that IBM is facing a challenge in the cloud market. The company needs to do more to compete with AWS and Azure if it wants to remain a major player in the cloud market.