IBM Said to Set $1 Billion Revenue Goal for SoftLayer

IBM has set an internal revenue goal for SoftLayer, its cloud-infrastructure business, of $1 billion in 2016, a person with knowledge of the matter said.

That’s an increase of about a quarter from the $700 million to $800 million in revenue the unit is expected to take in this year, said the person, who asked not to be identified because the financial information is still private. SoftLayer, which IBM acquired in 2013, had $335 million in sales the year before the acquisition.