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cur­rency) year-to-date. Rev­enues from mo­bile more than quadru­pled, and so­cial rev­enues in­creased more than 30% (more than 40% ad­just­ing for cur­rency), both yearto-date.”

In point of fact, the cloud com­put­ing and busi­ness an­a­lyt­ics fields are among the most crowded of the ef­forts of the world’s largest tech com­pa­nies. In what is called the “cloud in­fra­struc­ture ser­vices” sec­tor, IBM will need to claw its way ahead of lead­ers Ama­ Inc. (NAS­DAQ: AMZN) and Mi­crosoft Corp. (NAS­DAQ: MSFT) and fight against other com­pa­nies such as Or­a­cle Corp. (NYSE: ORCL) and Google Inc. (NAS­DAQ: GOOGL) for a barely mod­est piece of what is left.

Rometty’s com­ments try to sup­port her case that IBM’s cloud ef­forts can grow quickly enough to off­set the rapid fall in sales from its tra­di­tional busi­nesses. As it turns out, the re­sults show her ef­forts are not any­where close.

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