IBM Security revenues surged 81 percent to $1 billion in Q2 2018, the technology giant disclosed as part of the company's quarterly earnings statement today.
In a press release, IBM did not reveal which segments of its security business fueled the strong growth. We're checking in on the company's earnings call for potential details, and we've reached out to the company for deeper perspectives (stay tuned for potential article updates).
IBM Security's prowess extends across multiple market segments. The company is a Top 100 MSSP, ranked in Gartner's Magic Quadrant for Managed Security Services, and a major software provider to enterprises, security operations centers (SOCs) and large MSSPs.
IBM X-Force Cybersecurity Command Centers
Among the potential revenue drivers: The company has X-Force Command Centers worldwide. The centers:
IBM shared those figures in mid-2017, so it's a safe bet they've all grown significantly since that time.
Some of IBM's revenue growth may involve fairly recent acquisitions. The company acquired:
IBM Security Partnerships
Recent IBM Security partnerships have included deals with:
We'll be poking around for more details about IBM's Security revenues.