Operator
Welcome, and thank you for standing by. [Operator instructions] Today s conference is being recorded. If you have any objections, you may disconnect at this time. Now, I would like to turn the meeting over to Ms.
Patricia Murphy with IBM. Ma am, you may begin.
Patricia Murphy
Vice President, Finance and Operations
Thank you. This is Patricia Murphy, and I d like to welcome you to IBM s fourth-quarter 2020 earnings presentation. I m here with Arvind Krishna, IBM s chairman and chief executive officer; and Jim Kavanaugh, IBM s senior vice president and chief financial officer. We ll post today s prepared remarks on the IBM investor website within a couple of hours, and a replay will be available by this time tomorrow.
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International Business Machines Corp. (IBM) reports Q4 2020 results after Thursday’s U.S. closing bell, with analysts expecting a profit of $2.05 per-share on $20.57 billion in revenue. If met, earnings-per-share (EPS) will mark a troubling 56% profit decline, compared to the same quarter in 2019. The stock fell 6.5% in October after meeting modest top and bottom line estimates, consistent with the company’s long-term status as a market laggard.
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IBM Acquisition Binge Ahead of Spin-Off
However, bullish stars are aligning for strong price action that could catch analysts and traders off-guard. In October, IBM announced the spin-off of its Managed Infrastructure Services (MIS) business into a publicly-traded entity, in a transaction expected to close at the end of 2021. In addition, the company has been on an acquisition binge since the last report, scooping up cloud and fintech firms TruQua Enterprises, Instana, Expertus Technologie
Women are underrepresented in the tech sector myth or reality? Three years ago, we launched a diversity series aimed at bringing the most inspirational and powerful women in the tech scene to your attention. Today, we’d like you to meet Archana Vemulapalli, Chief Technology Officer, IBM Global Technology Services and General Manager, Managed Infrastructure Services Offerings.
A research study by The National Center for Women & Information Technology showed that “gender diversity has specific benefits in technology settings,” which could explain why tech companies have started to invest in initiatives that aim to boost the number of female applicants, recruit them in a more effective way, retain them for longer, and give them the opportunity to advance. But is it enough?
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Keeping up with today s new technologies and the slew of products and services introduced to support them is a daunting task. Here is a brief list of some networking and infrastructure news of the week to help you navigate the choices.
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IBM released the findings of a study that found that the majority of companies surveyed are not prepared for future IT needs. Of the 380 CIOs and CTOs who participated in the survey, 60% say their company s IT modernization program is not yet ready for the future, according to the recently completed The State of IT Transformation Study conducted by the Managed Infrastructure Services unit of IBM s Global Technology Services division. Nearly a quarter of CIOs and CTOs (24%) surveyed say their company is just starting its IT modernization journey or has yet to begin modernizing, with about a third surveyed saying they are still in the midst of transformation.
IBM appoints CEO to run $19B managed services spin-off
Martin Schroeter assumes control of Managed Infrastructure Services division
Martin Schroeter (IBM) Credit: IBM
IBM has appointed Martin Schroeter as CEO of NewCo, the multibillion-dollar managed services business expected to be officially spun-off by the end of 2021.
Effective 15 January, Schroeter is tasked with shaping the go-to-market strategy of Big Blue’s Managed Infrastructure Services division, which will focus on the management and modernisation of IT infrastructure across the world.
The new-look business houses approximately 90,000 employees with more than 4600 clients spanning 115 countries - including over 75 per cent of the
Fortune 100 - and a backlog of $60 billion in orders, which is more than twice the scale of nearest competitors such as Accenture, Fujitsu and Huawei.