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INTERNATIONAL BUSINESS MACHINES CORPORATION

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International Business Machines : EY launches IBM TechHub@EY to Strengthen Capabilities in IBM Hybrid Cloud Tech and Accelerate Client Digital Transformation

04/22/2021 | 10:15am EDT
  • IBM TechHub@EY to drive innovation and solution development on IBM Cloud, powered by AI technology
  • Provides single point-of-contact technology support for all EY client-facing teams worldwide
  • Expands EY people's skills and certifications in IBM technologies

EY today announces the launch of its IBM TechHub@EY, a global, decentralized network of EY practitioners dedicated to developing EY solutions and platforms supported by IBM's open hybrid cloud platform, artificial intelligence (AI) and other transformative technologies, as well as providing technology architecture support and skills enablement across the EY organization.

IBM TechHub@EY extends the capabilities and offerings of the existing EY-IBM Alliance, serving as a single point of contact for all IBM technology-related needs across the EY network. This includes ideation, design and build of solutions; providing technical support including solution architecture reviews, proof-of-concept support and access to sandbox testing/development environments; and enablement and certification of EY services practitioners.

Domains within the IBM TechHub@EY operate within a single global framework and are staffed by EY practitioners proficient in IBM technologies, such as IBM Cloud, Red Hat OpenShift, IBM Watson and IBM AI Applications including Maximo, Sterling and TRIRIGA. As part of the global alliance, IBM Global Business Services and EY Consulting will work together to support clients in business transformation, workforce transformation, cloud strategy and AI applications.

Dan Higgins, EY Global Technology Consulting Leader, says:

'The launch of IBM TechHub@EY is a very significant milestone in the expansion of the EY global alliance with IBM. The outstanding technical support and enablement that the alliance is providing to client-serving teams is of paramount importance in bringing innovative, hybrid cloud and cognitive solutions to life. IBM TechHub@EY is integral in helping EY teams provide differentiated, competitive advantage to clients, and to work with them to build a better, more sustainable working world.'

A recent IBM Institute for Business Value (IBV) study, which includes survey responses from 3,800 C-suite executives across 20 countries and 22 industries, finds that executives expect a 20% increase in the prioritization of cloud and AI technology in the next two years.[1] To better serve these client needs, the IBM TechHub@EY is equipping EY professionals with the experience required to leverage IBM's market-leading technologies. In doing so, EY practitioners will rotate through domains to gain skills in research, development and innovation, and take advantage of mentorship, training and certification by IBM for IBM technologies. Practitioners will also be able to develop new sector and service line solutions, supported by IBM technologies.

Bob Lord, Senior Vice President, Worldwide Ecosystems and Blockchain, IBM, says:

'Supporting IBM ecosystem members like EY with technical enablement and joint innovation is crucial to the success of our customers. With IBM TechHub@EY, a greater number of EY practitioners will be trained to design, build and manage offerings built on IBM's hybrid cloud platform with IBM Watson. This co-creation through IBM Garage is the driving force behind the expanded EY-IBM Alliance, and is helping to address the complex needs of customers at all stages of digital transformation.'

-ends-

Notes to Editors

About EY

EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

Disclaimer

IBM - International Business Machines Corporation published this content on 22 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2021 14:14:04 UTC.


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Financials (USD)
Sales 2021 74 392 M - -
Net income 2021 7 505 M - -
Net Debt 2021 48 935 M - -
P/E ratio 2021 17,4x
Yield 2021 4,59%
Capitalization 131 B 131 B -
EV / Sales 2021 2,41x
EV / Sales 2022 2,32x
Nbr of Employees 345 900
Free-Float 39,7%
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Mean consensus HOLD
Number of Analysts 17
Average target price 143,32 $
Last Close Price 146,17 $
Spread / Highest target 19,7%
Spread / Average Target -1,95%
Spread / Lowest Target -17,2%
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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
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