IBM sales jump shows the mainframe is not dead, with hybrid cloud alive and well
Thursday 20 October 2022
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At a time when most enterprises are planning cloud deployments and many are reportedly sharpening their mainframe exit strategy, IBM is seeing double-digit growth in its big iron business for the quarter ended September.
The company, which declared its third quarter results on Wednesday, reported a 98% jump in revenue for its z line of mainframe computer in terms of constant currency (that is, eliminating the effect of currency fluctuations).
IBM, which buckets mainframes under its infrastructure line of business, released the z16 mainframe in April before beginning to sell it in the second quarter.
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