#ibm

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    IBM Q3 2024 EARNINGS CALL HIGHLIGHTS: STRONG SOFTWARE GROWTH AMIDST MIXED SEGMENT PERFORMANCE.

    Revnue and Financial Highlights Total Revenue: IBM reported $15 billion in revenue for Q3 2024, representing a modest 2% growth in constant currency terms. Adjusted EBITDA: The company posted an adjusted EBITDA of $3.8 billion. Operating Pretax Income: IBM achieved $2.5 billion in operating...
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    IBM POSITIONED FOR LONG-TERM GROWTH WITH KEY ACQUISITIONS AND NEW MAINFRAME CYCLE.

    Stifel raised its price target for IBM to $246 from $205, maintaining a Buy rating. Despite a weaker Q3 forecast, IBM is expected to slightly outperform earnings estimates. IBM's dividend yield of 2.9% makes it attractive, though the stock seems stretched pre-earnings. Analysts suggest IBM is...
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    IBM ACQUIRES AI SAAS APM COMPANY PRESCINTO TO STRENGTHEN RENEWABLE ENERGY ASSETS MANAGEMENT.

    IBM has officially acquired Prescinto, a Bangalore-based company specializing in asset performance management (APM) software-as-a-service (SaaS) solutions, specifically for the renewable energy sector. This strategic acquisition aims to enhance IBM’s ability to manage and optimize renewable...
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    SALESFORCE AND IBM JOIN FORCES TO DRIVE AI ADOPTION IN THE REGULATED FINANCE INDUSTRY

    Salesforce and IBM have entered into a strategic partnership aimed at overcoming the challenges of AI implementation in the highly-regulated finance sector. The collaboration combines Salesforce’s Agentforce platform, a suite of autonomous agents, with IBM’s advanced watsonx AI capabilities to...
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    IBM to Close China R&D Team Amid Rising Geopolitical Tensions

    IBM is set to shut down its hardware research and development team in China, a move attributed to escalating geopolitical tensions between the U.S. and China. This closure will impact fewer than 1,000 employees, with job functions being transferred to other countries, particularly India. The...
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    IBM (IBM) Q2 Earnings and Revenues Beat Estimates

    Earnings: IBM reported Q2 earnings of $2.43 per share, exceeding the Zacks Consensus Estimate of $2.16 per share. This is an increase from $2.18 per share in the same quarter last year and represents a 12.50% earnings surprise. Revenue: The company posted revenues of $15.77 billion for the...