11 Best Publicly Traded Cloud Computing Companies

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6. International Business Machines Corp. (NYSE:IBM)

As International Business Machines Corp. (NYSE:IBM) is struggling in hardware and software, the company has been shifting its strategy towards the cloud. During the first quarter, its cloud revenue surged by an annual 33% to $3.50 billion, while the revenue inched down by 3% to $18.20 billion. Additionally, International Business Machines Corp. (NYSE:IBM)’s annual cloud revenue advanced by 35% to $13.70 billion, while its cloud-as-a-service annual revenue run rate grew by 63% to $8.60 billion. The hedge fund sentiment towards IBM also registered a boost during the first three months of 2017, as the number of investors long the stock went up by nine to 61.

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