International Business Machines Corporation - IBM STOCK NEWS

On January 31, 2023, IBM declared a quarterly cash dividend of $1.65 per common share, payable on March 10, 2023, to shareholders of record as of February 10, 2023. This marks over a century of consecutive quarterly dividends since 1916, reflecting IBM's commitment to returning value to its shareholders.

Red Hat and Oracle have announced a strategic alliance to enhance customer choice in distributed cloud environments, now supporting Red Hat Enterprise Linux on Oracle Cloud Infrastructure (OCI). This collaboration aims to streamline operations for organizations using both platforms, allowing for the migration of workloads and improving digital transformation initiatives. As cloud services are projected to grow 18.5% in 2023, this partnership is timely for Fortune 500 companies that rely on these technologies. OCI's flexible virtual machines can now operate with Red Hat Enterprise Linux, providing enterprise flexibility and support, with future plans for bare-metal server certification.

IBM Chief Impact Officer Justina Nixon-Saintil discussed the company's Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) initiatives during an interview with Forbes. IBM is focusing on education and sustainability programs intended to tackle pressing social issues, including climate change and workforce transformation. These initiatives are backed by expert insights and advanced technology to enhance their social impact. The full interview can be accessed here and more information on their impact efforts can be found here.

IBM reported fourth-quarter 2022 earnings, achieving $16.7 billion in revenue, flat year-over-year but up 6% at constant currency. Full-year revenue reached $60.5 billion, marking a 6% increase, driven by hybrid cloud revenue of $22.4 billion, an 11% rise. Operating profit margins expanded, with free cash flow hitting $9.3 billion. The company anticipates similar revenue growth in 2023, projecting $10.5 billion in free cash flow. Notably, Software and Consulting segments exhibited robust growth, underscoring IBM's resilience in the hybrid cloud sector.

IBM celebrates Mentoring Month by highlighting employee volunteers who support STEM education. One volunteer, Kyle, mentors students in robotics, programming, and mobile app development, specifically aimed at girls for social impact. This initiative underscores IBM's commitment to fostering skills in the tech industry through various mentoring programs. To learn more about IBM's skills development and mentorship initiatives, visit skillsbuild.org.

On January 17, 2023, Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and IBM launched an AI Center of Excellence in Abu Dhabi to enhance collaboration in AI technology adoption and sustainability initiatives. The Center focuses on developing carbon neutral solutions for existing energy resources and improving natural language processing (NLP) for Arabic dialects. It aims to advance decarbonization efforts, promoting clean energy deployment and addressing climate change. The partnership aligns with the UAE's Net Zero 2050 initiative, leveraging IBM's resources for training and research in AI, benefiting both students and faculty.

IBM celebrates Mentoring Month by highlighting the positive impact of mentoring on career development. Reynaldo Campos shares his journey, emphasizing how his IBM mentor provided essential guidance in his IT career. Through this relationship, he gained confidence and clarity in his career path, receiving valuable insights into job searches and skill development. The IBM SkillsBuild initiative plays a key role in facilitating these mentoring experiences, supporting learners in preparing for the workforce. For further details on IBM SkillsBuild, visit skillsbuild.org.

IBM (NYSE: IBM) is set to announce its fourth-quarter and full-year 2022 financial results during a conference call on January 25, 2023, at 5:00 p.m. ET. Investors can access the live webcast at www.ibm.com/investor. The earnings press release will be available prior to the call, with a replay and additional materials provided after the event.

IBM is committed to skilling 30 million people by 2030 through its SkillsBuild program, targeting underrepresented groups in STEM. In a recent discussion, VP Lydia Logan highlighted the significance of partnerships with educational institutions and career training organizations to enhance access to tech roles. The focus on a skills-first approach allows job applicants to utilize demonstrated skills and alternative certifications for STEM positions, reflecting a shift in hiring practices within the tech industry.