IBM Announces it will Reach $40 Billion in Annual Revenue by 2018

[[Coi] Mr.CLuBBeR]

"Strategic imperatives" will help reach this goal

Last year, we saw some interesting sales and investments by International Business Machines Corp. IBM had announced that it was selling off its chip business, revealed plans to invest $3 billion for semiconductor research and development, and selling its x86-based server business to Lenovo. Now, IBM is looking to reach an annual revenue of $40 billion.
The high target was set by IBM executives at the company’s annual investor meeting that took place on Thursday in New York where IBM CEO Ginni Rometty announced the new long-term goal. Rometty expects the revenue to come from areas IBM has designated as “strategic imperatives” which includes the cloud, analytics, social, mobile, and security software.
The $40 billion amount would represent around 44 percent of $90 billion in total revenue that analysts are expecting from IBM in 2018. Last year, the businesses that IBM is relying on to reach that target generated $25 billion in revenues which was 27 percent of the company’s $93 billion in sales. To help achieve its goal, IBM will be shifting $4 billion in spending to its “strategic imperatives” this year in order to hit $40 billion annual revenue by 2018.
Do you think this is a feasible goal for IBM? Sound off in the comments below!
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