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.
News about International Business Machines Corporation (IBM) focuses on its activities in hybrid cloud, AI, consulting and enterprise technology. As a New York–incorporated company whose capital stock trades on the New York Stock Exchange under the symbol IBM, the company regularly issues announcements on product launches, partnerships, research collaborations and financial results.
Recent IBM news highlights the introduction of IBM Sovereign Core, AI-ready sovereign-enabled software designed for enterprises, governments and service providers to build, deploy and manage AI-ready sovereign environments. Other updates describe IBM’s work with partners such as The All England Lawn Tennis Club to enhance Wimbledon’s digital fan experiences using AI capabilities from watsonx, and collaborations with Pearson to build AI-powered learning tools for businesses, public organizations and educational institutions.
IBM’s news flow also covers strategic initiatives in quantum computing and semiconductors. Examples include plans with Cisco to explore a network of large-scale, fault-tolerant quantum computers, and a joint research collaboration with the University of Dayton on next-generation semiconductor technologies and materials. Regulatory and resilience topics appear as well, such as IBM’s designation as a critical ICT third-party provider under the EU’s Digital Operational Resilience Act (DORA).
Investors and followers of IBM news can expect coverage of quarterly earnings conference calls, technology partnerships, AI and hybrid cloud offerings, research studies from the IBM Institute for Business Value, and developments in areas like aviation, retail and education where IBM’s technologies are applied. This page aggregates such updates so readers can review IBM’s latest corporate announcements, sector-specific initiatives and capital markets disclosures in one place.
IBM and VMware have announced an expanded partnership at VMware Explore 2022, focusing on modernizing mission-critical workloads in hybrid cloud environments. The collaboration includes IBM Consulting becoming a Global Systems Integrator (GSI) for VMware, which will provide services to enhance client transformation journeys. Additionally, the IBM and VMware Joint Innovation Fund will extend its projects for another three years, emphasizing security and operational efficiency for clients in regulated industries.
The Weather Channel has partnered with Tripadvisor and USA TODAY to offer premium subscription bundles that save consumers time and money. These bundles allow users to manage their Weather Channel Premium Pro subscription alongside Tripadvisor Plus or USA TODAY's Digital All-Access plan in one place. The Tripadvisor Plus subscription includes exclusive pricing on over 100,000 hotels and additional travel perks. The combined price for these subscriptions is $89.99 for Tripadvisor and $79.99 for USA TODAY, providing significant yearly savings. The initiative aims to enhance user convenience and value.
IBM and the United States Tennis Association (USTA) have renewed their 30-year partnership for another five years, enhancing fan experiences for the upcoming 2022 US Open. The collaboration will leverage hybrid cloud and AI technologies to introduce features such as Win Factors and Have Your Say, allowing fans to gain insights into player performance and make match predictions. The revamped USOpen.org and US Open app will offer a more intuitive interface and personalized content for fans, promoting deeper engagement.
IBM's 2022 Cost of a Data Breach Report reveals the global average cost of data breaches has risen to $4.35 million, a 13% increase over the last two years. Notably, 60% of affected organizations increased product prices post-breach, contributing to inflation concerns. The report indicates 83% of organizations faced multiple breaches, with critical infrastructure entities lagging in zero trust adoption, incurring costs averaging $5.4 million. Additionally, organizations deploying security AI saw average savings of $3.05 million in breach costs.
IBM's board of directors declared a quarterly cash dividend of $1.65 per common share, to be paid on September 10, 2022. Stockholders of record by August 10, 2022 will receive this payment. Notably, with this announcement, IBM continues its streak of paying consecutive quarterly dividends since 1916, reflecting its commitment to shareholder returns.
IBM reported second-quarter 2022 revenue of $15.5 billion, a 9% increase, with a 16% rise at constant currency, driven by hybrid cloud and AI demands. Key segments included software revenue at $6.2 billion (up 6%), consulting at $4.8 billion (up 10%), and infrastructure at $4.2 billion (up 19%). Cash flow remained strong with $4.6 billion from operating activities year-to-date. IBM anticipates full-year revenue growth at the high end of its mid-single-digit guidance and expects $10 billion in free cash flow.
Red Hat has appointed Matt Hicks as the new president and CEO, succeeding Paul Cormier, who transitions to the role of chairman. Hicks, an experienced leader with a 16-year history at Red Hat, previously served as executive vice president of Products and Technologies. Under his stewardship, Red Hat's hybrid cloud strategy flourished, enhancing their OpenShift platform and expanding service capabilities for AI and edge computing. Cormier has significantly influenced Red Hat's growth and strategy since its acquisition by IBM in 2019, and he continues to work closely with both Hicks and IBM's leadership.
IBM has expanded its Power10 server line with new mid-range and scale-out systems, enhancing capabilities for hybrid cloud environments. Introduced on July 12, 2022, these systems provide significant improvements in performance, scalability, and security. Key features include pay-as-you-go consumption models, optimized support for SAP workloads, and advanced security like transparent memory encryption. The new offerings aim to modernize business applications, automate IT operations, and enhance flexibility for clients in adapting to changing demands.
Francisco Partners has successfully acquired IBM's Watson Health assets, establishing a new entity called Merative, headquartered in Ann Arbor, Michigan. This acquisition aims to enhance healthcare delivery through data and analytics solutions. Merative will offer six product families focused on various healthcare sectors, leveraging significant investment from Francisco Partners and other investors like True Wind Capital and Sixth Street. Notably, seasoned CEO Gerry McCarthy will lead the new company, promising to expand its market reach.
IBM, as the Official Technology Partner for The Championships, has unveiled innovative digital fan experiences for Wimbledon 2022, utilizing AI and hybrid cloud technologies. New features include the 'Win Factors' for improved match insights and the 'Have Your Say' interactive predictions tool. These enhancements are designed to deepen fan engagement and understanding of matches via comprehensive data analysis, powered by IBM Watson. The Championships will take place from June 27 to July 10, 2022.