International Business Machines Corp Stock Price, News & Analysis

Kyndryl, formed from IBM's Managed Infrastructure Services business, will hold a virtual Investor Day on October 19, 2021, at 1 p.m. EDT. The event will feature discussions on Kyndryl's core practices, addressable market, financial performance, and strategies for growth, culminating in a Q&A with senior executives including CEO Martin Schroeter, Group President Elly Keinan, and CFO David Wyshner. Interested parties can access the webcast and related materials via Kyndryl's investor relations website. A replay will be available for 90 days post-event.

IBM has partnered with Brmaja Commercial Company to assist Virgin Megastore KSA in migrating its SAP ERP workloads to IBM Cloud. This shift is part of a hybrid cloud strategy aimed at enhancing operational efficiencies amid rising consumer digital engagement expectations post-COVID-19. The move is expected to boost productivity and streamline operations, allowing the retailer to adapt quickly to market demands. Through this collaboration, Virgin Megastore aims to innovate and enhance both customer and employee experiences in a secure environment.

IBM announced a major initiative to provide 30 million people worldwide with skills for future job opportunities by 2030. This plan includes over 170 new partnerships with academic institutions and industry leaders to enhance access to education in technology fields. CEO Arvind Krishna emphasized the importance of democratizing skills to fill the growing global skills gap, which could add US$11.5 trillion to global GDP by 2028. The initiative features diverse programs aimed at underserved communities, including internships, mentorships, and no-cost online courses.

On October 12, 2021, Apptio and IBM announced a collaboration to enhance decision-making for hybrid cloud technology. This partnership aims to boost the adoption of IBM's open hybrid cloud and Red Hat OpenShift. By leveraging data-driven insights from Apptio, clients can better assess migration and application strategies. IBM will provide consulting services to aid clients using Apptio’s products for managing cloud resources. This collaboration emphasizes the need for enterprises to optimize their technology investments in a hybrid environment, catering to both on-premises and cloud needs.

IBM has announced the separation of its managed infrastructure services business, Kyndryl, approved by its board. Shareholders will receive 80.1% of Kyndryl's shares, with a distribution date set for November 3, 2021. For every five shares of IBM, shareholders will receive one Kyndryl share, with the record date on October 25, 2021. After the separation, IBM will retain 19.9% of Kyndryl shares, which may be exchanged for IBM debt within a year.

IBM and Raytheon Technologies have announced a strategic collaboration to develop artificial intelligence, cryptographic, and quantum solutions tailored for the aerospace, defense, and intelligence sectors. This partnership aims to enhance system design, secure communication networks, and improve decision-making processes. The collaboration combines IBM's innovations with Raytheon's aerospace expertise, addressing critical challenges in cybersecurity as quantum technologies evolve. A dedicated team will accelerate the integration of IBM's technologies into active programs and identify long-term solutions.

IBM and Deloitte have launched DAPPER, an AI-enabled managed analytics solution designed to help organizations effectively use data in hybrid cloud environments. This offering arises from their 21-year partnership and combines the Deloitte Analytics Platform with IBM Cloud Pak for Data, aiming to simplify AI adoption. DAPPER includes a cloud-enabled analytics platform, an analytics development factory, and a subscription catalog. By streamlining analytics, DAPPER aims to enhance data trust and reporting across industries, enabling quicker deployment of advanced solutions for complex business challenges.

IBM has signed a five-year agreement with Honda Motor Europe to manage and run its finance and procurement operations across Europe. This contract builds on their decade-long relationship, focusing on integrated services to enhance efficiency, reduce costs, and standardize processes in line with Honda's 'Zero Touch' vision. The partnership aims to improve supplier and customer service levels through automation and streamlined processes, driving significant cost savings and productivity improvements. This agreement formalizes IBM's role in Honda's transition towards a connected and electrified automotive landscape.