Page 32 - Cognitive Software News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Red Hat and off-prem see growth while revenue, profit down overall Share Copy IBM on Thursday reported $20.4bn in revenue for its Q4 2020 earnings results, a decline of six per cent, and $73.6bn for the full year, down 4.6 per cent year-on-year. That led to profits plummeting by 42 per cent for the year, even after it experienced cloud growth in certain areas. Financial analysts had anticipated something more like $20.67bn on average, leading to disappointment that manifested in an after-hours share price decline of about six per cent. CEO Arvind Krishna, who took over in April 2020, ...

3 months ago ARMONK, N.Y.–(BUSINESS WIRE)–  IBM (NYSE: IBM) today announced fourth-quarter and full-year 2020 earnings results. “We made progress in 2020 growing our hybrid cloud platform as the foundation for our clients’ digital transformations while dealing with the broader uncertainty of the macro environment,” said Arvind Krishna, IBM chairman and chief executive officer. “The actions we are taking to focus on hybrid cloud and AI will take hold, giving us confidence we can achieve revenue growth in 2021.” Highlights GAAP EPS from continuing ...

CEO Arvind Krishna: IBM To Invest $1B In Cloud Ecosystem, ‘Elevating The Role Of Partners’ “The channel is quite capable,” said IBM CEO Arvind Krishna on the company’s fourth quarter earnings call. “I would rather put more money into the channel and work with them to go after that [market].” By Steven Burke January 21, 2021, 08:56 PM EST IBM CEO Arvind Krishna Thursday said the company is investing $1 billion in “rapidly expanding” its partner ecosystem as it sharpens its focus on hybrid cloud and artificial intelligence (AI). “To accelera...

IBM Shares Tumble After Another Quarterly Revenue Decline Meanwhile, total cloud revenue increased 10 percent to $7.5 billion, the most revenue from cloud yet for IBM. Bloomberg | Jan 22, 2021 Brody Ford (Bloomberg) -- International Business Machines Corp. shares fell the most in 10 months after the company reported a greater sales decline in the fourth quarter than analysts had expected, signaling Chief Executive Officer Arvind Krishna’s turnaround plan may take more time. Sales fell 6.5% to $20.4 billion in the three months ended Dec. 31, the Armonk, New York-based company said Th...

The pandemic has clearly changed consumer behavior over the past year, as almost all work is now done remotely through technology and digital services