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IBM Concludes Apptio Inc. Acquisition: Elevating Tech Management Solutions – $IBM $DIA $LTRN

Reportedly, International Business Machines Corporation has successfully finalized its acquisition of Apptio Inc. following the necessary regulatory approvals. This acquisition empowers clients to extract added value from the synergistic merger of Apptio and IBM. This completion unites Apptio's lea...

IBM Appoints Michael Miebach, Mastercard CEO, To Its Board Of Directors – $IBM $DIA $SPY $MA $LTRN

As per reports, the International Business Machines Corporation (IBM) board of directors has elected Michael Miebach to the board, effective October 30, 2023. Mr. Miebach currently serves as the chief executive officer of Mastercard Incorporated and holds a position on its board of directors. With a...

Teleperformance Unveils TP GenAI In $185M Partnership With Microsoft – $MSFT $SPY $DIA $LTRN

As per reports, France's Teleperformance has announced a partnership with Microsoft (MSFT) worth $185 million. This collaboration aims to launch TP GenAI, the company's proprietary generative AI solution, which utilizes algorithms like ChatGPT to generate new content, including audio, text, and simu...

IBM Launches WatsonX: The Next-Generation AI Platform For Enterprises – $IBM $DIA $SPY $BRQS

Reportedly, International Business Machines Corporation (IBM) has launched the latest iteration of its well-known artificial intelligence creation, Watson. WatsonX is a platform geared towards enterprises that leverage AI and data, and it follows the success of the original Watson, which...

IBM Exceeds Q1 Expectations & Signals Strong Demand For IT Services – $IBM $DIA $INVO

Reportedly, International Business Machines Corporation (IBM) exceeded the expectations of Wall Street for its first-quarter profit and indicated that the demand for IT services was better than anticipated. In the first quarter, the company's software and consulting businesses increased by 6% and 8....

IBM Considers Selling Weather Business To Focus On Cloud & Software Services – $IBM $DIA

Reportedly, International Business Machines Corporation (IBM) is contemplating the sale of its weather business as the company prioritizes software and cloud services. The division was obtained through the acquisition of the Weather Channel and Weather Underground's apps and websites in ...

IBM Spinoff Kyndryl Holdings Inc. Follows Industry Trend With Employee Layoffs – $IBM $DIA $INVO

As per reports, Kyndryl Holdings Inc., a technology company that spun off from International Business Machines Corporation (IBM) in November 2021, has laid off a significant number of employees in the midst of a tumultuous period for the industry. Kyndryl took over a considerable portion of IBM's le...

IBM Sues Former Top Exec For Joining Rival In Asia-Pacific Region- $IBM $ACN $MSFT $DIA

As per reports, IBM. Corp (IBM) is suing Patama Chantaruck its former top executive in its Thailand subsidiary, claiming Chantaruck should pay back nearly half a million dollars in bonus awards for accepting a job at Accenture, its rival company. In a lawsuit filed in federal court in New York, IBM ...

IBM Announces Job Cuts As Cash Flow Miss Reported – $IBM $DIA $INVO

As per reports, IBM released their Q1 earnings missing its annual cash target. The company's 2022 cash flow was $9.3 billion, below its target of $10 billion, due to higher-than-expected working capital needs. IBM forecasts annual revenue growth in the mid-single digits on constant currency terms, ...

IBM & Japan’s Rapidus Aiming to Manufacture The World’s Most Advanced Chips – $IBM $DIA $INVO

As per reports, International Business Machines Corporation (IBM) partnered with a newly formed chip maker, Rapidus, backed by the Japanese government aimed to manufacture the world's most advanced chips in Japan by the second half of the decade. Japan's industry and trade ministry has agreed to inv...

IBM Acquires US-Based Digital Transformation Provider, Octo – $IBM $DIA $INVO

As per reports, IBM (IBM) announced the acquisition of U.S based Octo, an IT modernization and digital transformation services provider serving the U.S. federal government, including health, defense, and civilian agencies. The technology giant's acquisition of Octo is one of the major digital transf...

IBM & Bosch Connect To Find Alternatives To Critical Minerals For EV’s – $IBM

As per reports, International Business Machines Corporation  (IBM) and Germany's Bosch have formed a partnership to use quantum computing and simulation technology to find alternatives to the rare earth and metals needed for electric vehicles. The minerals used in membranes in fuel cells for hydrog...

IBM Pushes The Limits With Its Most Powerful Quantum Computer To Date – $IBM $DIA $INVO

Reportedly, International Business Machines Corporation (IBM) announced a 433-qubit, Osprey machine, the most powerful and impressive quantum computer, built with three times the number of qubits than its earlier Eagle machine. Quantum computers are much faster than the fastest supercomputers today....

IBM’s Recent Beat Driven By Robust Cloud Strength – $IBM $DIA $ATOS $INVO

As per reports, International Business Machines Corporation (IBM) beat quarterly revenue estimates and expects to exceed full-year revenue growth targets as robust demand for its digital services offset the blow from a strong dollar. IBM's cloud revenue jumped 11% to $5.2 billion in the quarter and ...

IBM Q2 Earnings Beat Estimates – $IBM $DIA

As per reports, International Business Machines Corporation's (IBM) second-quarter results exceeded expectations reporting adjusted earnings of $2.31 a share on revenue of $15.5 billion, beating analysts' estimates of $2.27 on revenue of $15.1 billion. Revenue jumped 9% from the year-ago quarter and...

IBM’s Red Hat Names Matt Hicks As Its New CEO – $IBM $DIA

Reportedly, International Business Machines Corporations' (IBM) subsidiary software company, Red Hat has named Matt Hicks, head of products and technologies, as its new leader, solidifying a bet that hybrid-cloud offerings will boost the company’s growth. Hicks takes over as the software unit’s ...

IBM Lays Off Employees In Russia – $IBM $DIA

Reportedly, International Business Machines Corporation (IBM) is laying off employees and winding down its business in Russia. After Russia's Ukraine invasion in February, IBM joined hundreds of other companies in suspending business in the country, while many others announced a complete exit from R...

Mimi Poon Succeeds Charles Kiang As IBM’s New General Manager Hong Kong – $IBM $DIA

Reportedly, International Business Machines Corporation (IBM) Director, Software Group, Hong Kong Mimi Poon is now set to lead as General Manager, IBM Hong Kong effective immediately. In her new role, Mimi will oversee IBM's business operations and strategic development in Hong Kong and Macau. Mi...

IBM Approves Quarterly Dividend Increase For 27th Consecutive Year – $IBM $DIA

Reportedly, the board of (IBM) announced an increase in the regular quarterly cash dividend to $1.65 per common share, marking it the 27th year in a row that the company has increased its quarterly cash dividend. The dividend is payable on June 10, 2022, to stockholders as of May 10, 2022. This is t...

IBM Releases Q1 Earnings Finding Growth In The Cloud – $IBM $DIA

International Business Machines Corporation (IBM) released first-quarter earnings, reporting a revenue increase of 8% to $14.20 billion in the first quarter, beating estimates of $13.85 billion. Adjusted profit of $1.40 per share also topped expectations of $1.38. IBM expects to hit the top end of i...

IBM Working With Canadian Province Of Quebec To Boost Deployment Of Quantum Computing

Reportedly, International Business Machines Corporation (IBM) is partnering with the Canadian province of Quebec to boost quantum computing, which could help advance areas like battery development. Anthony Annunziata, IBM's director of accelerated discovery informed that IBM is deploying the quantum...

IBM Acquires Boston-Based Sentaca – A Leading Telco Consulting Services & Solutions Provider

As per reports, International Business Machines Corporation (IBM) has acquired Sentaca, a leading telco consulting services and solutions provider headquartered in Boston, Massachusetts. The acquisition will accelerate IBM’s hybrid cloud consulting business, adding critical skills to help communic...

IBM Reports Double Digit Q4 Growth In Cloud & Consulting Businesses

Reportedly, International Business Machines Corporation (IBM) beat Wall Street estimates for revenue in the fourth quarter, as the technology giant focussed on the cloud after exiting the slow-growing managed infrastructure business. Excluding items, IBM earned $3.35 per share, beating estimates of ...

IBM Announces Successful Implementation Of Vehicle Management System For Mitsubishi Motors Philippines Corporation

Reportedly, International Business Machines Corporation (IBM) has successfully implemented a Vehicle Management System on SAP S/4HANA at Mitsubishi Motors Philippines Corporation (MMPC) preceded by the migration out of the AS/400 platform and as a part of the automobile manufacturer's digital transf...

IBM Strengthens Environmental Commitment With Acquisition Of Australian Analytics Firm Envizi – $IBM $DIA

As per reports, International Business Machines Corporation (IBM) has acquired an Australian analytics provider, Envizi Pty Ltd, that specializes in the automation of the collection of emissions data. The acquisition will expand IBM's investments in artificial intelligence to help companies make the...

IBM Strengthens Cloud Offering With Acquisition Of Cloud Based Aussie Co. SXiQ

Reportedly, International Business Machines Corporation (IBM) announced the acquisition of SXiQ, an Australian digital transformation services company specializing in cloud applications, cloud platforms, and cloud cybersecurity. Businesses are now rapidly turning to multiple cloud providers and plat...

IBM & Amazon Collaborate To Offer OpenShift To Oil Industry

As per reports, International Business Machines Corporation (IBM) and Amazon (AMZN) have come together to offer a set of tools that oil companies can use to manage diverse types of data. IBM’s technology called OpenShift will allow oil companies to use the oil-industry cloud data tools in their pr...

IBM’s Managed Infrastructure Services Business Kyndryl Began Trading On NYSE Under The Symbol “KD”

Reportedly, International Business Machines Corporation (IBM) announced the complete separation of Kyndryl, its managed infrastructure services business starting November 4, 2021. Kyndryl to begin "regular way" trading on the New York Stock Exchange under the symbol "KD." "The separation of Kyndryl...

IBM Announces Cash Dividend Of $1.64 Payable December 10, 2021

As per reports, the board of International Business Machines Corporation (IBM) approved a regular quarterly cash dividend of $1.64 per common share to stockholders as of November 10, 2021. The dividend is payable on December 10, 2021. The dividend is the first dividend that will be paid by IBM after...

IBM’s Q3 Earnings Disappoint

Reportedly, International Business Machines Corporation's (IBM) third-quarter earnings release reported lower revenue than estimates. Adjusted earnings per share of $2.52 per share versus $2.50 per share expected. Revenue of $17.62 billion was reported versus $17.77 billion estimated. Net income dec...

IBM To Acquire Leading Adobe Workfront Consultancy Unit From Rego Consulting Corporation

As per reports, International Business Machines Corporation (IBM) is acquiring Adobe Workfront consulting unit and assets from Rego Consulting Corporation to expand its hybrid cloud and AI strategy.  The company has been investing aggressively to strengthen its hybrid cloud and AI strategy and capa...

IBM Shareholders To Receive One Share of Kyndryl Services Stock For Every Five Shares of IBM Stock

Reportedly, the board of International Business Machines Corporation (IBM) has approved the previously announced separation of Kyndryl, the company’s managed infrastructure services business. The IBM board of directors declared a pro-rata distribution to IBM stockholders of 80.1 percent of the out...

IBM & Raytheon Technologies Announce Collaboration Offering Enhanced Solutions In Aerospace, Defense & Intelligence Solutions

As per reports, International Business Machines Corporation (IBM) and Raytheon Technologies (RTX) have entered a strategic collaboration agreement to jointly develop advanced artificial intelligence, cryptographic and quantum solutions for the aerospace, defense, and intelligence industries includin...

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IBM & Mercedes Launch Service In The “Mercedes Me” App Designed To Help Find Stolen Vehicles

As per reports, IBM (IBM) and Mercedes have announced the successful development of "Urban Guard - Stolen Vehicle Help," a recently launched service in the Mercedes me app, designed to find and recover stolen vehicles.  The collaboration extends the prior partnership of IBM and Daimler, Mercedes' p...

IBM’s 21st Century Apprenticeship Program Now Recognised By The American Council On Education

Reportedly, International Business Machines Corporation (IBM) 21st-century apprenticeship program has officially been recognized by the American Council on Education (ACE) allowing IBM apprentices to translate their 12 months of on-the-job training for up to 45 college credits, or around three semes...

IBM To Open U.S. Offices From September 7 – Restricted To Only ‘Fully Vaccinated’ Employees

Reportedly, International Business Machines Corporation (IBM) will allow only fully vaccinated U.S. employees to return to offices, due to the rapid spread of the Delta variant of COVID-19. The offices are to open from Sept. 7. The increase in COVID-19 cases in the United States due to the highly c...

IBM Schedules Quarterly Cash Dividend Payable September 10

As per reports, the board of International Business Machines Corporation (IBM) announced a regular quarterly cash dividend of $1.64 per common share, to stockholders of record August 10, 2021, payable September 10, 2021.   Dow 30 component International Business Machines Corporation (IBM) p...

Spain’s Amadeus Collaborates With IBM To Integrate Digital Health Pass Into Its Traveler ID Platform

Reportedly, Spain's Amadeus is integrating International Business Machines Corporation (IBM) digital health pass into its Traveler ID platform to simplify the verification of passengers' health credentials during the boarding process. Traveler ID platform was launched earlier this year for airlines ...

IBM Releases Q2 Earnings Confirm Analysts’ Beat & Fastest Revenue Growth In 3 Years

International Business Machines Corporation (IBM) reported Q2 earnings & beat analysts' expectations. The company reported adjusted earnings of $2.33 per share vs. $2.29 per share expected. Revenue grew 3% year over year in the quarter and stood at $18.75 billion, vs. $18.29 billion expected. â...

IBM’s President Jim Whitehurst To Resign From His Position

Reportedly, International Business Machines Corporation's President, Jim Whitehurst, who played a major role in the $34 billion acquisition of Red Hat two years ago, will step down from his position. Whitehurst was named President in January 2020. Whitehurst will continue to work as senior adviser t...

IBM Enters Hybrid Cloud Deal With Telecommunication Giants Verizon & Spain’s Telefonica

Reportedly, International Business Machines Corporation (IBM) has entered hybrid cloud deals with global telecommunication giants Verizon and Spain’s Telefonica as the company aims to build out 5G and edge networks. The deal expands on existing partnerships IBM has with the two telecom operators. ...

IBM Completes Acquisition Of Application Resource Management Provider, Turbonomic. Inc.

Reportedly, International Business Machines Corporation (IBM) announced the closing of its acquisition of Turbonomic, Inc., an Application Resource Management (ARM) and Network Performance Management (NPM) software provider based in Boston, MA. The recent closure complements IBM's recent acquisition...

IBM’s U.S Employees Are Heading Back To Offices In Fall (September)

Reportedly, U.S employees of International Business Machines Corp. (IBM) will be returning to company offices the week of Sept. 7. In a memo, Chief Human Resources Officer Nickle LaMoreaux cited “improving U.S. clinical conditions and broad access to Covid-19 vaccines” for the company’s decisi...

IBM To Deliver Global Hybrid Cloud Transformation For Pitney Bowes

Reportedly, International Business Machines Corporation (IBM) has entered an agreement with Pitney Bowes, under which IBM will deliver IT automation, machine learning, and managed infrastructure services designed to assist Pitney Bowes to enhance and include hybrid cloud computing to support its glo...

IBM Acquires Salesforce Partner Waeg

As per reports, International Business Machines Corporation (IBM) is buying Waeg, a consulting partner for Salesforce (CRM) extending its range of services and supporting its hybrid cloud and artificial intelligence strategy. Waeg, based in Brussels serves clients across Europe, complements IBM's ac...

IBM’s ‘Hybrid Work Plans’ For Returning To Work Post Pandemic

In a recent interaction with Yahoo Finance Presents, International Business Machines Corporation (IBM) CEO, Arvind Krishna discussed how the company expects at least 80% of the company’s 350,000 employees to opt for a hybrid model of work post-COVID -19 vaccination rollout. A hybrid model is such ...

IBM Introduces World’s First 2-Nanometer Chip Technology

Reportedly, International Business Machines Corporation (IBM) has unveiled the world's first 2-nanometer chipmaking technology that could be 45% faster and up to 75% more power-efficient than the mainstream 7-nanometer chips used in many of today's laptops and phones. The technology is expected to ...

IBM Reports Increase In Quarterly Cash Dividend

As per reports, the board of International Business Machines Corporation (IBM) will increase the regular quarterly cash dividend to $1.64 per common share, payable to all shareholders as of May 10, 2021. The dividend is to be paid on June 10, 2021. Arvind Krishna, IBM chairman, and the chief exec...

IBM Reports Encouraging Q1 Revenue Growth & Beat!

International Business Machines Corporation (IBM) reports Q1 revenue growth after four quarters of declining figures. The technology giant reported an adjusted EPS of $1.77 per share versus $1.63 per share as expected by analysts. Revenue of $17.73 billion was recorded, a little ahead of market esti...

IBM Is Naming Its Independent Managed Infrastructure Services Business “Kyndryl”

Reportedly, International Business Machines Corp (IBM) managed infrastructure services business will be called "Kyndryl" and will be headquartered in New York after a planned spinoff later this year. "Kyndryl evokes the spirit of true partnership and growth," stated Martin Schroeter, Chief Execut...

Moderna & IBM Work Together To Support Smarter Real-Time COVID-19 Vaccine Adoption & Management

Reportedly, Vaccine maker Moderna Inc. (MRNA) and International Business Machines Corporation (IBM) join hands to work together on technologies including artificial intelligence, blockchain, and hybrid cloud to track COVID-19 vaccine administration. The aim is to identify ways technology can be used...

Delta Airlines Enters Multi-Year Cloud Related Agreement With IBM

Reportedly, International Business Machines Corporation (IBM) and Delta Air Lines have entered a multi-year agreement under which IBM will assist Delta towards the public cloud, in order to increase its flexibility, innovation capabilities targeting digital transformation, and speed to market. IBM ...

Astronauts At The International Space Station Proceed With Testing Boeing’s Virus-fighting Surface Coating

As per reports, astronauts at the International Space Station (ISS) are conducting series of experiments with an antimicrobial surface coating designed by the joint research project including Boeing (BA) and the University of Queensland to fight the spread of viruses and bacteria, including the Eart...

bp Collaborates With IBM Quantum Network Encouraging Use Of Quantum Computing In Energy

As per reports, bp has joined the IBM Quantum Network (IBM) to enhance the use of quantum computing in the energy industry. As an industry partner, bp will have access to IBM's quantum expertise, software, and cloud-based access to the largest universal quantum system available with a premium 65-qub...

North America’s Leading Online Grocery Platform, Instacart Acquires 250 Patents From IBM

Reportedly, Instacart, the leading online grocery platform in North America, has acquired over 250 patents from International Business Machines Corporation (IBM). Both IBM and Instacart have entered into a mutual patent cross-license. The deal allows Instacart to strengthen its own patent portfolio,...

IBM Reports Declining Q4 Revenue, Shares Slide After The Release

International Business Machines Corporation (IBM) reported declining Q4 2020 revenue falling short of analyst’s estimates. The company reported earnings of $2.07 per share, versus $1.79 per share as expected by analysts. Revenue of $20.37 billion was reported versus $20.67 billion estimated by an...

IBM To Acquire Taos – A Top Cloud Professional Service Provider

As per reports, International Business Machines Corporation (IBM) to enter an agreement to acquire one of the largest multi-cloud consulting and managed services firms in North America, Taos.  The deal progresses IBM's cloud migration and transformation capabilities, deepening the company’s commi...

Banco Santander Signs ~$700M 5-Yr Global Tech Deal With IBM

As per reports, International Business Machines Corporation (IBM) has entered a five-year global technology agreement with Banco Santander valued at approximately $700M to accelerate Santander Group's growth and deepen its business transformation. The agreement is expected to enable Santander Group...

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