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Cloud Stocks: Big Blue Climbs to 10-Year High on AI Potential

IBM (NYSE: IBM) recently announced strong results for its fourth-quarter that sent the stock climbing 7% in the after-hours trading session. IBM's Financials Revenues for the quarter grew 4% to $17.4 billion, surpassing Street's estimates of $17.3 billion. Adjusted earnings of $3.87 per share were significantly ahead of the analyst estimates of $3.79. By segment, revenues from Software that includes Hybrid Platform & Solutions and Transaction Processing grew 3% to $7.5 billion, f...
Technology Consulting Platform Solutions Software Ag Super Hybrid Platform Transaction Processing Business Transformation

For the Sixth Consecutive Year, Oracle Autonomous Database Scores Highest in All Use Cases in the Gartner Critical Capabilities for Cloud Database Management Systems for Operational Use Cases

Gartner recognizes Oracle as a Leader in the 2023 Magic Quadrant for Cloud Database Management Systems. Oracle today announced that it has been recognized by Gartner in three recently published cloud...
Xingyu Gu Adam Ronthal Ramke Ramakrishnan Aaron Rosenbaum Andrew Mendelsohn Rick Greenwald

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For the Sixth Consecutive Year, Oracle Autonomous Database Scores Highest in All Use Cases in the Gartner® Critical Capabilities for Cloud Database Management Systems for Operational Use Cases

Gartner recognizes Oracle as a Leader in the 2023 Magic Quadrant™ for Cloud Database Management Systems  AUSTIN, Texas, Jan. 16, 2024 /PRNewswire/ -- Oracle today announced that it has been...
United States Henry Cook Aaron Rosenbaum Xingyu Gu Rick Greenwald Ramke Ramakrishnan

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