[Technology Explanation | Daily Highlights] Seeing IBM's latest third-quarter financial report for 2022, mainframe business IBM Z revenue increased by 88%, or 98% at constant exchange rates. Hybrid Cloud Platforms & Solutions revenue increased 2 percent, or 8 percent in constant currency, including increased sales for Kyndryl. Hybrid Cloud Infrastructure revenue increased 33%, or 41% in constant currency, including increased sales for Kyndryl.
In addition, in the past 12 months, that is, within a year, IBM's hybrid cloud revenue was $22.2 billion, an increase of 15%, and an increase of 20% at constant exchange rates. We must know that Amazon Cloud Technology (AWS), the first brother of the global public cloud, had revenue of US$19.7 billion in the second quarter of 2022 last quarter, a year-on-year increase of 33%. In terms of revenue scale and growth rate, the performance of "Yunyige" in one quarter can surpass that of IBM in almost a year. It's not like I don't know, there is a difference when there is a comparison.
Of course, traditional business is not unreliable, but its value will be far-reaching once it is refined and strengthened. The average growth rate of the hybrid cloud platform and hybrid cloud infrastructure combined is not as high as the mainframe Z business. After all, it is still the king of the mainframe. The more the global industry is in a downturn, the more stable its business status can be seen. Of course, hybrid cloud is IBM's strategic business growth part, and its revenue growth rate this quarter is not as fast as the traditional business mainframe Z. This shows that the development of its hybrid cloud business is still affected by certain market and industry competition. How to accelerate the growth of the hybrid cloud business has always been an important topic after IBM acquired Red Hat.
In addition, it should be noted that IBM's latest financial report for the third quarter of 2022 shows that its quarterly total revenue is 14.107 billion US dollars, and its quarterly operating results show a loss, with a net loss of 3.196 billion US dollars, and a net profit of 1.130 billion US dollars in the same period in 2021. A year-on-year decrease of more than 380%. However, as of the third quarter, IBM held $9.7 billion in cash. Big blue companies like IBM value cash flow so much, which shows how important cash flow is to a technology company facing global economic uncertainty.
A friend saw a Q3 for 5 consecutive years, the performance chart of IBM's financial report, what do you think? Everyone remembers that IBM's revenue in the third quarter of 2021 was US$17.6 billion. Why did the latest news say that the revenue in the third quarter of 2022 was US$14.1 billion, a year-on-year increase of 6%?
For this reason, analysts in the industry pointed out that the Kyndryl company (Kindryl), which IBM completed the split in November 2021, also included the Kyndryl business revenue in the financial report for the third quarter of 2021, so the revenue performance was obviously stronger than that of the same period in 2022. . Now the third quarter of the 2022 financial report only includes sales to Kyndryl, not the entire Kyndryl business revenue, so the revenue gap is obvious. Therefore, we can see from the latest news that IBM has increased by 6% compared with the US$13.251 billion in the same period last year, which does not include the split of Kyndryl.
（by Aming）
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