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 announced second-quarter 2021 earnings, highlighting significant growth in its hybrid cloud platform. Revenue increased due to robust performance in Global Business Services and software. Key figures include a net income of $1.6 billion, with GAAP EPS at $1.47, reflecting a year-over-year dip. Cash flow from operations reached $2.6 billion, while adjusted free cash flow stood at $1.6 billion. The company reported a revenue increase of 2% for the first half of 2021, with a full-year revenue growth expectation intact. Despite challenges in the Systems segment, overall performance remains positive.
IBM and Canon, Inc. have launched a collaboration to enhance digital video content creation using volumetric video technology. Starting in July 2021, this partnership aims to make high-quality video production more accessible in the arts and entertainment sectors. Canon will provide its advanced technology for capturing high-resolution video, while IBM will offer consultation and technical support to aid digital transformation in these industries. Their first project features a Noh theater performance, 'Lady Aoi,' showcasing the innovative use of this technology.
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IBM announced an agreement to acquire Bluetab Solutions Group, enhancing its data and hybrid cloud consulting services. This strategic acquisition aims to leverage Bluetab's expertise in data migration to hybrid multi-cloud platforms, which will support IBM’s AI and cloud initiatives. Bluetab, established in 2005, has strong ties with various industries across Spain, Mexico, Peru, and Colombia. Financial specifics weren't disclosed, and the deal is expected to close in Q3 2021, subject to regulatory approval.
On July 8, 2021, IBM (NYSE: IBM) announced its intention to acquire BoxBoat Technologies, a leading DevOps consultancy specializing in Kubernetes and containerization. This acquisition aims to enhance IBM's hybrid cloud strategy and support the global adoption of Red Hat OpenShift. BoxBoat's expertise will help IBM deliver comprehensive container strategies and foster advanced cloud solutions. Founded in 2016, BoxBoat has successfully provided consulting services to numerous Fortune 100 clients. The deal is expected to close within the quarter, subject to customary conditions.
On July 8, 2021, Atos and IBM announced a collaboration to develop a secure digital infrastructure for the Dutch Ministry of Defense. This initiative aims to construct new data centers, safeguard IT systems, and establish a proprietary broadband mobile network, ensuring protection for classified government information. The partnership builds on their strategic alliance formed in January 2021, focusing on digital acceleration and reduced operating costs. IBM and Atos leverage advanced technologies to support the government in modernizing its operations for enhanced security and productivity.
IBM is collaborating with Heifer International to empower smallholder coffee and cocoa farmers in Honduras using technology like IBM Food Trust and Watson Decision Platform for Agriculture. These tools enhance supply chain transparency, allowing farmers to earn more than the 1% they typically get from coffee sales. With Food Trust, farmers can trace products from farm to sale, improving market access and pricing. By leveraging AI and blockchain, this initiative aims to raise farmers' incomes and stabilize the agricultural economy in the region.
Kyndryl, the independent company emerging from IBM's Managed Infrastructure Services, has appointed Matt Milton as President of its U.S. operations. This strategic move aims to enhance decision-making and customer engagement. Milton brings nearly 20 years of experience from IBM, where he held significant roles, including General Manager for Financial Services. Kyndryl plans to streamline its services into six global practices, aligning closely with customer needs. The official separation from IBM is expected by the end of 2021.
Kyndryl, the new independent public company born from IBM's Managed Infrastructure Services, has announced its global leadership model ahead of their spin-off expected by year-end. The company aims to enhance its digital transformation capabilities with a focus on customer-centric operations. Newly appointed leaders across key markets include Tosca Colangeli and Matt Milton. Kyndryl will establish six global managed services practices and an advisory service to support customer integration of advanced technologies.
OneTen, a coalition of CEOs, has launched a new Talent platform aimed at hiring, upskilling, and promoting one million Black individuals without four-year degrees over the next decade. Collaborating with Bain & Company, IBM, and Merck, the platform facilitates career paths and skill development. The platform will be available to member employers in Q4 2021, enhancing accessibility to job opportunities. By employing a skills-first approach, OneTen aims to combat bias in hiring, providing equitable access to careers for Black talent while leveraging advanced AI and blockchain technologies.
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