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Hybrid Cloud

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IBM climbs on 2Q miss as growth outlook tightens and profit warning looms
business1 month ago

IBM climbs on 2Q miss as growth outlook tightens and profit warning looms

IBM reported Q2 adjusted EPS of $2.93 on $17.2B revenue (miss vs $3.01 and $17.9B expected), and cut its full-year constant-currency revenue growth guidance to 4%-5% (midpoint 4.5%), below prior >5% target. The company still expects about $1B in higher free cash flow YoY. Software revenue rose 5% (Hybrid Cloud/Red Hat +11%, Data +19%); Consulting was flat, Infrastructure fell 7% as IBM Z declined, offset by a 37% rise in Distributed Infrastructure. Six-month free cash flow was $4.8B. Despite the miss, IBM shares rose roughly 3% after a prior profit warning, with management sticking to margin expansion and growth opportunities.

via Yahoo Finance|
#business#earnings#free-cash-flow
IBM Bets Big on AI Strategy Amid Earnings Hurdle and Cost-Cut Push
finance1 month ago

IBM Bets Big on AI Strategy Amid Earnings Hurdle and Cost-Cut Push

IBM reported Q2 revenue of $17.2 billion (+1% YoY) and non-GAAP EPS of $2.93, roughly in line with estimates after an earlier earnings warning. Infrastructure sales fell ~7% while software grew ~5%; IBM maintained its 2026 revenue-growth target of 4–5% and is accelerating cost cuts to exceed $5.5 billion in annual savings to support growth, margins, and R&D. CEO Arvind Krishna defended IBM’s AI roadmap—built around hybrid cloud, AI, and quantum—and knocked down breakup chatter, stressing the company’s strength as an integrated portfolio. Shares rose about 2% after the report, but investors will want several improved quarters to rebuild trust.

via Yahoo Finance|
#artificial-intelligence#arvind-krishna#earnings
IBM bets on AI strategy as it trims costs amid earnings miss
finance1 month ago

IBM bets on AI strategy as it trims costs amid earnings miss

IBM's Q2 results showed revenue up 1% to $17.2 billion and diluted EPS of $2.93, meeting forecasts after a prior warning that had spooked investors. CEO Arvind Krishna defended the company’s AI strategy as central to its hybrid cloud and quantum ambitions, while pushing cost cuts to lift margins (aiming for more than $5.5 billion in annual run-rate savings). With infrastructure sales down about 7% and software growth around 5%, IBM retained a 2026 revenue-growth outlook of 4-5% in constant currency and dismissed breakup rumors, emphasizing its integrated portfolio. Shares rose roughly 2% after the report.

via Yahoo Finance UK|
#artificial-intelligence#earnings#finance
HPE Stock Soars on Strong AI Performance and Market Recognition
businesstechnology2 years ago

HPE Stock Soars on Strong AI Performance and Market Recognition

Hewlett Packard Enterprise (HPE) CEO Antonio Neri highlights the company's strong Q2 performance and its significant role in AI, with an AI order book of $4.6 billion and $900 million in revenue conversion. Neri emphasizes HPE's unique position in the AI market, particularly in energy-efficient liquid cooling solutions, and anticipates continued demand growth.

via Yahoo Finance|
#ai#businesstechnology#earnings
HPE Faces Revenue Decline and Networking Demand Weakening
technology2 years ago

HPE Faces Revenue Decline and Networking Demand Weakening

HPE has revamped its financial reporting structure, causing storage results to vanish into a new hybrid cloud category. The company's first fiscal quarter revenues were lower than expected, with a $387 million profit, 23 percent less than last year. HPE's new organizational structure includes segments such as Server, Hybrid Cloud, and Intelligent Edge. The company's CFO cited softening demand in the Intelligent Edge segment, while the CEO expressed confidence in the future, particularly in AI systems and GPU-enhanced servers. HPE's next quarter outlook anticipates a 2.5 percent annual decrease in revenues at the midpoint.

via Blocks and Files|
#financial-reporting#hpe#hybrid-cloud
IBM's Strong Q4 Earnings and Revenue Growth Driven by AI
businessfinance2 years ago

IBM's Strong Q4 Earnings and Revenue Growth Driven by AI

IBM's stock surged 11.5% after reporting a 4% revenue increase driven by demand for AI products and hybrid cloud services, with earnings per share beating Wall Street estimates. The company expects free cash flow to improve this year and foresees mid-single-digit revenue growth, particularly in its consulting and software businesses. IBM's CFO highlighted the increasing demand for generative AI offerings, which are being used to enhance various business operations, and emphasized the long-term value potential of AI, with stock reaching a nearly 10-year high.

via Yahoo Finance|
#ai#businessfinance#hybrid-cloud
IBM Expands AI Portfolio with $2.3B Acquisition and Platform Enhancements
technology2 years ago

IBM Expands AI Portfolio with $2.3B Acquisition and Platform Enhancements

IBM is set to acquire Software AG's StreamSets and webMethods platforms for $2.3 billion in cash, aiming to enhance its artificial intelligence (AI) and hybrid cloud offerings. The acquisition will enable IBM to add data ingestion capabilities to its AI platform, Watson, through StreamSets, while webMethods will provide integration and application programming interface (API) tools for clients' hybrid multi-cloud environments. The deal is expected to be completed in the second quarter of 2024.

via Fox Business|
#acquisition#artificial-intelligence#hybrid-cloud
IBM Expands AI Platform and Cloud Offering with $2.3 Billion Acquisition
business2 years ago

IBM Expands AI Platform and Cloud Offering with $2.3 Billion Acquisition

IBM has announced its plans to acquire Software AG's enterprise integration platforms, StreamSets and webMethods, for €2.13 billion ($2.33 billion) in cash. The acquisition aims to strengthen IBM's artificial intelligence and hybrid cloud offerings. Software AG's platforms provide application integration, API management, and data integration services. The deal is subject to regulatory approvals and is expected to be completed in Q2 2024.

via Reuters|
#acquisition#business#enterprise-integration
technology2 years ago

HPE Implements Restructuring Plan: Hybrid Cloud Unit, Leadership Changes

Hewlett Packard Enterprise (HPE) is undergoing a restructuring to accelerate its hybrid cloud sales strategy, creating a new Hybrid Cloud organization led by HPE CTO Fidelma Russo. The reorganization includes executive departures and reassignments, with HPE General Manager Vishal Lall leaving the company and HPE Services GM Pradeep Kumar retiring. The changes aim to unify HPE's portfolio and enhance the delivery of a true cloud experience for customers and partners, positioning the company for continued market success. The new Hybrid Cloud business unit will focus on delivering a comprehensive portfolio of storage, software, data, and cloud services on the HPE GreenLake platform.

via CRN|
#cloud-services#executive-departures#hpe
IBM Acquires Apptio for $4.6B to Boost Hybrid Cloud Services.
business3 years ago

IBM Acquires Apptio for $4.6B to Boost Hybrid Cloud Services.

IBM is set to acquire Apptio, a platform that tracks data in hybrid environments, for $4.6 billion in cash. The acquisition will allow IBM to develop and sell solutions to businesses to manage and optimize spend within their IT stacks. Apptio's products cover spend management and planning within hybrid cloud environments, managing spend around public cloud deployments, and modelling bigger projects. The deal will give IBM access to Apptio's 1,500 enterprise customers, including more than half of the Fortune 100, and key integrations and partnerships with Amazon Web Services, Microsoft Azure, Google Cloud Platform, Salesforce, ServiceNow, Oracle and SAP.

via TechCrunch|
#apptio#business#finops