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FinanceMicrosoft Creates Chip It Says Shows Quantum Computers Are 'years, Not Decades' Away
FinanceIBM Beats Profit Estimates as AI Shift Boosts Software Performance, Shares Surge
BusinessXerox to Buy Printer Maker Lexmark From Chinese Owners in $1.5 Billion Deal
BusinessXerox to Buy Printer Maker Lexmark From Chinese Owners in $1.5 Billion Deal
IBM Misses Third-Quarter Revenue Estimates as Consulting Drags; Shares Fall
Date: October 24, 2024
By Arsheeya Bajwa (Reuters) -International Business Machines missed analysts’ estimates for third-quarter revenue on Wednesday, hurt by weakness in its consulting segment as businesses cut back on discretionary expenses, coupled with declines in the infrastructure business. IBM’s shares fell about 4% in extended trading after rising more than 40% this year, as investors bet...
Kadena Announces Nitin Gaur as Advisor
Date: June 27, 2024
Kadena Announces Nitin Gaur as Advisor New York, New York, June 27th, 2024, Chainwire Kadena, the industry’s only scalable Proof of Work blockchain, welcomes Nitin Gaur, the Founder of IBM Blockchain Lab and a former Global Head of Digital Assets at State Street, as an advisor. Gaur, a distinguished leader in blockchain with a robust...
Achieving System Resilience Means Not Putting All Your Eggs in One Basket
Date: October 20, 2023
Achieving system resilience means not putting all your eggs in one basket By Oliver Caudwell, Brand Sales Account Lead, NS1, an IBM Company Most financial services companies have broken the back of their digital transformation projects and customers are benefiting from faster, easier, more personalised transactions as a result. While traditional banks have had to...
IBM Misses Second-Quarter Revenue Estimates as Tech Spending Cools
Date: July 20, 2023
IBM misses second-quarter revenue estimates as tech spending cools By Chavi Mehta (Reuters) – Enterprise software provider IBM’s second-quarter revenue fell short of Wall Street expectations on Wednesday, bogged down by a decline in sales of its mainframe computers as businesses cut tech spending. IT companies have warned of more pain as businesses striving to...
IBM Mulls Using Its Own AI Chip in New Cloud Service to Lower Costs
Date: July 12, 2023
IBM mulls using its own AI chip in new cloud service to lower costs By Stephen Nellis SAN FRANCISCO (Reuters) – International Business Machines (IBM) is considering the use of artificial intelligence chips that it designed in-house to lower the costs of operating a cloud computing service it made widely available this week, an executive...
IBM Beats First-Quarter Profit Estimates, Signals Demand Holding Up
Date: April 20, 2023
IBM beats first-quarter profit estimates, signals demand holding up By Chavi Mehta (Reuters) -IBM Corp beat Wall Street expectations for first-quarter profit on Wednesday and signaled demand for IT services was better than feared, sending shares up 3.5% after the bell. The company’s software and consulting businesses rose 6% and 8.2%, respectively, at constant currency...