IBM CEO Ginni Rometty today said the enterprise IT company gained substantially revenue from cloud, analytics, mobile, social and security in 2014.
Together these strategic imperatives grew 16 percent in 2014 and now represent $25 billion and 27 percent of IBM revenue.
However, IBM said its Q4 2014 revenue dipped 12 percent to $24.1 billion, while net income fell 11 percent to $5.5 billion.
In 2014, IBM said its annual revenue decreased 6 percent to $92.8 billion, while net income fell 7 percent to $15.8 billion.
IBM said its Cloud revenue rose 60 percent to $7 billion.
Cloud delivered as a service grew 75 percent to $3 billion.
IBM business analytics revenue increased 7 percent to nearly $17 billion.
Mobile revenue more than tripled, while security revenue rose 19 percent.
During the fourth-quarter of 2014, IBM divested customer care outsourcing and System x businesses.
“In 2014, we repositioned our hardware portfolio for higher value, maintained a services backlog of $128 billion,” Rometty added.
IBM revenue from main regions
IBM revenue from Americas’ in fourth-quarter dipped 9 percent to $11.1 billion.
Revenues from Europe/Middle East/Africa fell 13 percent to $8.0 billion.
Asia-Pacific revenues decreased 17 percent to $4.9 billion.
IBM Growth Markets
Revenues from IBM’s growth markets fell 16 percent.
IBM revenues in the BRIC countries — Brazil, Russia, India and China — decreased 21 percent.
The company said revenues IBM’s markets fell down 11 percent.
Global Services segment revenues decreased 8 percent to $13.5 billion. Global Technology Services segment revenues decreased 8 percent to $9.2 billion. Global Business Services segment revenues were down 8 percent to $4.3 billion.
Revenues from the Software segment fell 7 percent to $7.6 billion in Q4 2014.
Revenues from IBM’s key middleware products, which include WebSphere, Information Management, Tivoli, Workforce Solutions and Rational products, dropped 6 percent to $5.4 billion.
Revenues from continuing operations for the Systems and Technology segment fell 39 percent to $2.4 billion for the quarter.
Revenues from Power Systems dipped 13 percent. Revenues from IBM’s System z mainframe server products decreased 26 percent. IBM said Q4 revenues from System Storage decreased 8 percent.