The above graph represents the IBM quarterly revenue by segment, starting from fiscal Q1 2006 to the recently completed quarter. IBM global revenue in Q1 2020 declined a 3.4% YoY, to $17,571 million. Approximately 29.8% of that came from Cloud & Cognitive Software segment, amounting to $5,238 million during the first quarter. Nearly 4% YoY growth was primarily driven by the strong performance in Red Hat, Internet of Things, AI and in security services.
|Source||IBM SEC Filings|
|Note||IBM fiscal year starts from January|
IBM revenue from global business services amounted to $4,136 million during Q1 2020, with a flat 0.4% YoY growth. Nearly half of that came from the IBM’s consulting services.
IBM revenue from Global Technology Services segment declined a notable 5.93% in Q1 2020, to $6,467 million. This decline in revenue was primarily driven by the 5.6% YoY decline in Infrastructure & Cloud Services revenue and 6.9% YoY decline in Technology Support Services revenue.
Interestingly, IBM system revenue increased 3% YoY in Q1 2020, $1,368 million, primarily driven by 9% YoY growth in System Hardware revenue.
IBM global financing revenue declined a huge 26.4% YoY, from $406 million in Q1 2019 to $299 million in Q1 2020.
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