How Client Innovation Drove IBM's 2Q Growth

July 19, 2018

Large enterprises, public organizations, small and medium-sized businesses and startup companies rely on IBM in a variety of ways. Be it to modernize IT, innovate in the cloud or compete in a world where disruption is king, IBM puts technology to work in a way that makes a difference for its clients.

Cloud is the battleground for tech and the countless clients looking for new ways to get ahead of the competition. Adopting and migrating to the cloud is saving companies money and providing an on-ramp to innovation with AI, IoT and other cloud-delivered services. In the second quarter, enterprise clients like ExxonMobil, Credit Mutuel, Westpac Bank, Bausch + Lomb, Sodexo, Chevy Racing and Aston Martin Red Bull Racing all trusted IBM to deliver high value services on the IBM Cloud.

Critical to the success of IBM and its clients is the industry expertise and services capabilities that underpin IBM offerings – from cloud, to blockchain, to AI. This quarter, clients like The Government of Australia, KMD (Denmark’s leading supplier of mission-critical software and IT services) and Banca Carige signed agreements with IBM Services. In fact, in the second quarter, IBM signed 13 services agreements worth more than $100M each, demonstrating the scale and value IBM Services delivers to clients looking to transform their businesses for the future.

Blockchain is revolutionizing markets. With over 60 active blockchain networks, IBM is the clear industry leader in blockchain. In the second quarter IBM partnered with companies like MediaOcean, Kelloggs, Kimberly-Clark, Pfizer and Unilever for applying blockchain to ad spend; Asahi Refining, Helzberg Diamonds, LeachGarner, The Richline Group and UL for using blockchain to verify the source of diamonds and jewelry; and auto companies like Renault, Ford, GM, and BMW for mobility solutions based on blockchain.

IBM’s investments in research and development, has allowed the company to continue to push the limits on the future of computing. This quarter, we delivered Summit - the world’s fastest, most powerful and smartest supercomputer to the U.S. Department of Energy. Additionally, quantum computing is the next tech battleground. IBM Q has seen more than 90,000 users perform nearly 5 million experiments, all producing more than 100+ research papers.

Deep innovation today, along with robust investment in research and development for the technologies of tomorrow, are driving IBM and its clients to new heights.