05.09.2014 - IBM develops cloud services
IBM continues to be an attractive investment, despite a decline in revenue of the company up to five-year low. Thus, the figure for the first quarter of this fiscal year showed a decrease for the eighth time in a row and reached 22.49 billion. It is worth mentioning that despite this in the second quarter the company reported earnings per share increase by 42%, to 4.12 dollars.
The main driver of growth for the company which is the world's largest producer of flash memory will be a cloud service. The market for cloud services according to analysts in 2020 will be more than $ 200 billion dollars. IBM till 2017 plans to increase its revenue from cloud services to 5.3 billion, against 2.4 billion. Since the beginning of this year. We maintain a long-term positive outlook on the stock with a growth potential of up to 10% by year end.