IBM Z mainframes are currently in little demand. Accordingly, IBM has to report another significant drop in sales to the corporate department Systems . In the third quarter it was 16 percent less than a year earlier. Global Financing reports – 17%, Global Technology Services (including Infrastructure Services and Tech Support) -4%, Global Business Services (including Consulting, Application Management and Global Process Services) -5%. The Cloud & Cognitive Services division achieved seven percent more sales.

Don’t miss any news! With our daily newsletter you will receive all the news from heise online from the past 24 hours every morning.

This division, which also has the largest margin, includes the open source company Red Hat, which was taken over by IBM in the previous year. Their sales in and of themselves are even 163 percent higher, although a considerable part of the sales comes from intra-group transactions. Across all corporate divisions, IBM’s quarterly sales increased by three percent to 17, 56 Billion US dollars shrunk.

Profits slightly increased There were no particular geographical differences in terms of sales development this time. This emerges from the quarterly figures published on Monday evening. The gross profit increased by about one percent to 8 24 billion dollars, the net profit by about two percent to 1.7 billion dollars. IBM’s cash flow is impressive: Since the beginning of the year, the group has increased the value of its cash reserves and immediately marketable securities from 8.9 billion to 15, Increase 6 billion.

IBM CEO Arvind Krishna continues to rely on the cloud, more precisely the hybrid cloud, in which public and private cloud infrastructure are shared. “In the coming months we will continue to develop our strategy and take measures to simplify and improve our business model, invest in important areas and solidify a much more growth-oriented attitude,” the company boss promised in a conference call with financial analysts on Monday evening to accelerated growth