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IBM is leading the way in hosted private cloud and is one of the major cloud players alongside AWS, Google Cloud, Microsoft Azure, Alibaba Cloud and Oracle Cloud. Despite investing more than $1 billion to expand its cloud footprint and establishing partnerships with VMware, Cisco and Salesforce; UBS reports that IBM currently holds just 7% market share for IaaS and PaaS.
Merrill Lynch believes that IBM’s public cloud penetration ability could lead to a $7–$15 per share rise to IBM stock. The Q1, 2017 earnings call however delivered a $9 billion dollar blow to IBM's stock market value due to the company falling short of the $18.4 billion in sales that was predicted, posting just $18.2 billion.
The company has been transitioning away from hardware and software, instead promoting the growth of its cloud computing division, such as Softlayer Direct Link. Located in he United States, the United Kingdom, Mexico, Canada, Australia, Japan, Singapore, Germany, Hong Kong, India, the Netherlands and Italy, Direct link provides a private and secure connection (either 1Gbps or 10Gbps) to Softlayer's servers.
Year Founded: 2005
Legal Name: IBM Cloud
Company Type: Public Company