Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

INTERNATIONAL BUSINESS MACHINES CORPORATION

(IBM)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

IBM to focus on AI and hybrid cloud in new chapter for Big Blue

05/11/2021 | 12:20am EDT
FILE PHOTO: The logo for IBM is displayed on a screen on the floor of the NYSE in New York

BERLIN (Reuters) - IBM is rolling out innovations in artificial intelligence, hybrid cloud operations and quantum computing as the company that created the personal computer follows through on a roadmap it set out a year ago.

The U.S. company made the announcements to coincide with its annual Think Conference on Tuesday as it builds momentum following its $34 billion takeover of open-source software company Red Hat two years ago.

IBM, which last month reported its strongest quarterly sales growth in two years, has been restructuring since Arvind Krishna became chief executive a year ago to focus on cloud computing and AI. Last October, IBM announced its legacy IT infrastructure business would shift into a separate firm.

"This year, we are going to talk about progress - and we have made a lot of progress," President Jim Whitehurst told reporters ahead of its Think Conference.

Among product innovations it is rolling out on Tuesday are AI to help companies manage data in the cloud, a system dubbed Watson Orchestrate to help professionals automate tasks such as scheduling meetings and a program to let customers use quantum computers for projects too complex for traditional servers.

Krishna declined to comment on the estimated revenue from the new offerings but told reporters he still expects overall sales to grow slightly in 2021 and by the mid-single digits percentage-wise "over the medium term."

IBM will also unveil Project CodeNet, a large-scale open-source dataset comprising 14 million code samples, 500 million lines of code and 55 programming languages to enable AI to understand and translate code.

The innovations follow IBM's recent announcement of its own platform for 2 nanometer computer chips that are up to 45% faster and 75% more power-efficient than the 7 nm chips that run most smartphones today.

Whitehurst said the 2 nm chips were expected to enter production with IBM's manufacturing partners within "a couple of years".

(Reporting by Douglas Busvine; Additional reporting by Paresh Dave; Editing by Alexander Smith)


ę Reuters 2021
All news about INTERNATIONAL BUSINESS MACHINES CORPORATION
09:42aFinal Exxon AGM tally lifts ex-MetLife chairman to board
RE
09:13aSECTOR UPDATE : Tech Stocks Edge Higher Premarket Monday
MT
08:01aINTERNATIONAL BUSINESS MACHINESá : IBM Canada Announces New Office in Downtown T..
AQ
07:11aINTERNATIONAL BUSINESS MACHINESá : Coricelli Joins IBM Food Trust to Trace Extra..
PU
06:45aINTERNATIONAL BUSINESS MACHINESá : IBM Teams With Danish Jewelry Maker Pandora t..
MT
04:12aLATEST OUTLOOK ON AUDIENCE ANALYTICS : Technological Advancement, Rapid Increase..
AQ
06/18INTERNATIONAL BUSINESS MACHINESá : IBM Digital Health Pass To Integrate With CLX..
AQ
06/17INTERNATIONAL BUSINESS MACHINESá : IBM Closes Acquisition of Turbonomic to Deliv..
AQ
06/17IBMá : Digital Health Pass To Integrate With CLX Health's TrustAssure™ Pla..
PR
06/17INTERNATIONAL BUSINESS MACHINESá : IBM Collaborates with 30 Organizations to Re-..
AQ
More news
Financials (USD)
Sales 2021 74 392 M - -
Net income 2021 7 505 M - -
Net Debt 2021 48 935 M - -
P/E ratio 2021 17,0x
Yield 2021 4,68%
Capitalization 128 B 128 B -
EV / Sales 2021 2,38x
EV / Sales 2022 2,28x
Nbr of Employees 345 900
Free-Float 39,8%
Chart INTERNATIONAL BUSINESS MACHINES CORPORATION
Duration : Period :
International Business Machines Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INTERNATIONAL BUSINESS MACHINES CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 143,32 $
Last Close Price 143,12 $
Spread / Highest target 22,3%
Spread / Average Target 0,14%
Spread / Lowest Target -15,5%
EPS Revisions
Managers and Directors
NameTitle
Arvind Krishna Chairman & Chief Executive Officer
James M. Whitehurst President, Head-Strategy, Cloud & Cognitive
James J. Kavanaugh Chief Financial Officer & Senior VP-Operations
Juan Antonio Zufiria Senior VP-Global Technology Services
Kathryn W. Guarini Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
INTERNATIONAL BUSINESS MACHINES CORPORATION13.70%127 881
ACCENTURE PLC7.67%178 776
TATA CONSULTANCY SERVICES LTD.15.18%164 467
INFOSYS LIMITED19.71%86 066
AUTOMATIC DATA PROCESSING, INC.9.48%82 082
SNOWFLAKE INC.-11.37%73 854