International Business Machines Corp Stock Price, News & Analysis

IBM has been recognized as a leader in Customer Identity and Access Management (CIAM) by Forrester in its Q4 2020 report. The report highlights IBM's support for FIDO2, biometrics, and various authentication protocols. IBM Security's strength in the CIAM market lies in its IBM Security Verify solution, which integrates risk-based authentication and fraud detection. This recognition positions IBM to help companies implement a 'zero trust' security model, enhancing user identity verification across hybrid cloud environments.

According to a recent IBM study, 99% of organizations using AI-driven virtual agents noted increased customer satisfaction. The study highlights that 94% of early adopters of AI technologies achieved or surpassed their ROI expectations. IBM's implementations have reportedly led to reduced costs and improved revenues. The average contribution to human agent satisfaction attributed to virtual agents was 20%, with a 64% average containment rate reported. Additionally, all respondents noted a revenue increase, averaging 3%.

IBM's board of directors has announced a quarterly cash dividend of $1.63 per common share, scheduled for payment on December 10, 2020, to stockholders recorded as of November 10, 2020. This marks the company's commitment to returning value to shareholders, having raised its dividend for the past 25 years. With this upcoming payment, IBM will have consistently paid dividends since 1916.

IBM (NYSE: IBM) announced a strategic expansion of its capabilities to enhance hybrid cloud deployments, enabling clients to choose between on-premises and public cloud solutions. Key enhancements include IBM Cloud Paks and advanced data storage for containers. A Forrester study revealed 85% of organizations are increasing IT funding beyond public cloud, emphasizing the significance of hybrid solutions. Many clients are already running proofs-of-concept with Red Hat OpenShift on IBM systems. Upcoming features include improved AI integration, cloud-native development, and persistent storage for container workloads.

IBM announced enhanced capabilities for Maximo for Civil Infrastructure aimed at prolonging the lifespan of critical infrastructures like bridges and highways. These updates include deployment on Red Hat OpenShift, AI-driven insights, and 3D modeling tools. With an estimated $2 trillion in unfunded U.S. infrastructure repairs, the solution integrates IoT data to optimize maintenance. New features include defect management tools and improved 3D visualization. Developed with insights from major infrastructure operators, IBM's Maximo aims to help civil engineers proactively manage and maintain vital structures.

IBM (NYSE: IBM) has announced a partnership with R3 to enhance blockchain solutions on IBM LinuxONE. This collaboration includes a new open beta program for R3's Corda Enterprise, launching on November 2, 2020, across hybrid cloud environments. The initiative aims to address performance, compliance, and data privacy for clients in regulated industries. IBM’s LinuxONE platform ensures high security through Confidential Computing capabilities. Additionally, IBM Services will establish an R3 center of excellence to support clients adopting Corda solutions, accelerating blockchain integration.

IBM announced new services and partnerships to enhance hybrid cloud capabilities for clients deploying SAP workloads. With an emphasis on security, IBM aims to assist businesses in optimizing their SAP software environments across both public cloud and on-premises solutions. Global clients, including Cementos Pacasmayo, Coca-Cola European Partners, and Primadonna Collection, are leveraging IBM Cloud for their SAP implementations. The firm has expanded its partner ecosystem, introducing new services and SAP certifications that promise improved deployment efficiency and performance.

IBM (NYSE: IBM) reported third-quarter 2020 earnings, revealing a GAAP EPS of $1.89 and operating EPS of $2.58 on revenues of $17.6 billion, down 2.6% year-over-year. The company's cloud revenue hit $6.0 billion, up 19%, with total cloud revenue for the last 12 months at $24.4 billion, a 22% increase. Red Hat revenue surged 17%. Despite a solid gross profit margin growth of 180 basis points to 48%, consolidated diluted EPS decreased by 27% year-to-date, reflecting a challenging environment. The firm maintains a strong cash position of $15.8 billion.