Welcome to our dedicated page for International Business Machines news (Ticker: IBM), a resource for investors and traders seeking the latest updates and insights on International Business Machines stock.
IBM (NYSE: IBM), a global leader in enterprise technology and artificial intelligence solutions, maintains this dedicated news hub for stakeholders seeking authoritative updates. Access real-time press releases, financial disclosures, and strategic announcements directly from IBM’s corporate communications.
This centralized resource provides investors with earnings call transcripts, product launch details, and partnership updates while offering analysts insights into R&D initiatives like quantum computing advancements and hybrid cloud security developments. Media professionals will find verified information on corporate responsibility programs and technology patents.
All content is organized for quick navigation across key categories: quarterly financial results, AI platform enhancements, infrastructure software updates, and sustainability initiatives. Each entry maintains timestamped accuracy while connecting developments to IBM’s broader mission of advancing secure, cloud-native enterprise solutions.
Bookmark this page for direct access to IBM’s official communications, ensuring you remain informed about critical developments in enterprise IT infrastructure, Watson AI deployments, and Red Hat integration strategies without promotional commentary.
IBM's 2024 Cost of a Data Breach Report reveals a significant increase in global average breach costs, reaching $4.88 million, up 10% from the previous year. Key findings include:
1. 70% of breached organizations reported significant disruption.
2. Security staffing shortages led to $1.76 million higher breach costs.
3. AI and automation in security reduced breach costs by $2.2 million on average.
4. 40% of breaches involved data stored across multiple environments.
5. Intellectual property theft increased by 27%.
6. The average data breach lifecycle decreased to 258 days.
The report emphasizes the growing importance of AI-driven defenses and addressing risks associated with generative AI in cybersecurity.
IBM's board of directors has declared a regular quarterly cash dividend of $1.67 per common share. This dividend will be payable on September 10, 2024 to stockholders of record as of August 9, 2024. This decision continues IBM's long-standing tradition of paying consecutive quarterly dividends since 1916, showcasing the company's commitment to delivering consistent returns to its shareholders. The announcement reinforces IBM's financial stability and its ability to maintain a steady dividend payout, which may be attractive to income-focused investors.
IBM has announced a collaboration with several community college systems to offer cybersecurity and data analytics certificate programs starting this fall. The initiative aims to prepare students for high-tech jobs and address the growing need for AI-related skills. Participating institutions include the Alabama Community College System, Bay Area Community College Consortium, Colorado Community College System, and Louisiana Community and Technical College System.
This partnership responds to the increasing demand for workers skilled in applying AI tools. An IBM Institute of Business Value study suggests that executives expect 40% of their workforce to require reskilling in AI and automation over the next three years, particularly in entry-level positions. The certificate programs will help bridge this skills gap and prepare students for the evolving job market.
IBM reported strong second-quarter 2024 results, with revenue reaching $15.8 billion, up 2% (4% at constant currency). The company's performance was driven by Software revenue growth of 7% and improved free cash flow. IBM's book of business for generative AI has grown to over $2 billion since the launch of watsonx a year ago.
Key financial highlights include:
- Gross Profit Margin (GAAP): 56.8%, up 180 basis points
- Pre-Tax Income Margin (GAAP): 14.1%, up 110 basis points
- Diluted Earnings Per Share (GAAP): $1.96, up 14%
IBM has raised its full-year free cash flow expectation to more than $12 billion. The company continues to expect constant currency revenue growth consistent with its mid-single digit model for 2024.
IBM has introduced two new SkillsBuild certificates in cybersecurity and data analytics, designed in collaboration with community colleges. These certificates will be available to students across Alabama, California Bay Area, Colorado, and Louisiana community college systems this fall.
The certificates are accessible to various learners, from first-time degree seekers to career changers. They were developed with academic and industry experts, including Jobs for the Future (JFF) and a coalition of industry professionals. Each certificate requires 60-65 hours of coursework and can be integrated into existing college curricula.
The American Council on Education (ACE) recommends 12 credits for the Cybersecurity Certificate and 8 credits for the Data Analytics Certificate. These initiatives are part of IBM's commitment to provide 30 million people with new skills for future jobs by 2030.
IBM has secured a five-year contract with $26 million in initial funding from USAID to support its Cybersecurity Protection and Response (CPR) program in the Europe and Eurasia region. The contract aims to strengthen the ability of host government agencies and critical infrastructure operators to combat cyber threats. IBM will provide cybersecurity-related program management, incident response, and capacity building services to help USAID build a secured, interoperable, and resilient digital ecosystem.
IBM's global experience in cybersecurity services, including monitoring 150 billion+ security events per day in over 130 countries, will be leveraged to support USAID's strategic goals of improving development and humanitarian assistance outcomes through digital technology.
IBM and JLL have announced a global sustainability solution powered by IBM Envizi technology and delivered by JLL's sustainability services team. This collaboration aims to address ESG reporting and data management challenges in the commercial real estate (CRE) sector.
Key points:
- JLL's Sustainability Program Management will now use IBM Envizi ESG Suite for data management and reporting.
- By 2025, 30% of market demand for low carbon office space is expected to be unmet.
- Only 11% of surveyed organizations integrate ESG metrics into real estate and facilities management.
- Companies that operationalize sustainability are 52% more likely to outperform peers in profitability.
- The initial rollout will offer thousands of JLL clients' sites the opportunity to onboard to IBM Envizi software.
IBM (NYSE: IBM) will announce its second-quarter 2024 financial results on July 24, 2024, at 5:00 p.m. ET through a live webcast. Investors can access the webcast and related materials at www.ibm.com/investor. A replay of the call, along with associated charts and prepared remarks, will be available post-event. This announcement will provide insights into IBM's financial performance for the quarter, potentially impacting investor sentiment and stock performance. For further information, media inquiries can be directed to Tim Davidson at IBM Corporate Communications.
On July 10, 2024, IBM reaffirmed its commitment to the Rome Call for AI Ethics at the AI Ethics for Peace: World Religions commit to the Rome Call event in Hiroshima. The event, hosted by the Vatican's RenAIssance Foundation, saw the co-signage of Eastern religious leaders to advance ethical AI development. IBM has been a key player in the Rome Call since 2020 and has led several initiatives, including the AI Ethics Global University Summit and the AI Alliance, aimed at promoting responsible and transparent AI innovation. IBM's commitment to ethical AI is reflected in its internal governance, products like watsonx, and its collaboration with over 100 global entities to democratize AI development and enhance societal benefits.
IBM and Microsoft have announced a collaboration to enhance cybersecurity for clients, focusing on modernizing security operations and protecting hybrid cloud identities. IBM's Threat Detection and Response (TDR) Cloud Native service will integrate Microsoft Sentinel, Defender XDR, and Defender for Cloud to accelerate threat detection and response. IBM's global security analysts will provide 24/7 monitoring and automated remediation across hybrid cloud environments. Additionally, the collaboration leverages Microsoft's Entra suite and IBM's automation expertise to optimize identity management, improving security and cost efficiency. This partnership aims to support businesses in their cloud and AI-driven digital transformation journeys.
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