Speaking during the company's annual investor meeting, Palmisano explained that IBM is already involved in "thousands" of cloud engagements with customers such as AT&T (T). "All cloud is is the next technical shift in the enterprise," he said. "It represents about $7 billion of opportunity for us."
|IBM CEO Sam Palmisano|
IBM has made a major push into cloud computing, launching its 'Blue Cloud' strategy in 2007, and the growing popularity of cloud services is expected to drive demand for the company's servers, software and services.
Palmisano also used his keynote to reiterate IBM's commitment to deliver earnings per share of at least $20 by 2015. This, he explained, will partly be the result of selling more software.IBM also expects the revenue contribution from emerging "growth" markets to reach 30% of the firm's geographic sales by 2015, according to a slide shown by the CEO. Previously, IBM had predicted a revenue contribution of 25% from emerging markets, which include India and China. "GDP over the next five years in these
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