IBM Targets $40 Billion in Cloud, Other Growth Areas by 2018

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• JPMorgan Chase Money Talks Presented with JPMorgan Chase, this financial education series is dedicated to bridging the racial wealth gap. Let's embark on a journey of healthy financial conversations together. Bi-Monthly.
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The aggressive target, set by IBM executives at the company’s annual investor meeting in New York on Thursday, is the latest step for the technology giant towards emerging, high-margin businesses, and away from its previous strongholds in hardware and servers.

The $40 billion will come from areas which IBM calls its “strategic imperatives,” namely cloud, analytics, mobile, social and security software.

That would represent about 44 percent of $90 billion in total revenue that analysts expect from IBM in 2018.

Those businesses generated $25 billion in revenue for IBM last year, or 27 percent of its total $93 billion in sales.

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