Welcome to our dedicated page for International Business Machines news (Ticker: IBM), a resource for investors and traders seeking the latest updates and insights on International Business Machines stock.
IBM (NYSE: IBM), a global leader in enterprise technology and artificial intelligence solutions, maintains this dedicated news hub for stakeholders seeking authoritative updates. Access real-time press releases, financial disclosures, and strategic announcements directly from IBM’s corporate communications.
This centralized resource provides investors with earnings call transcripts, product launch details, and partnership updates while offering analysts insights into R&D initiatives like quantum computing advancements and hybrid cloud security developments. Media professionals will find verified information on corporate responsibility programs and technology patents.
All content is organized for quick navigation across key categories: quarterly financial results, AI platform enhancements, infrastructure software updates, and sustainability initiatives. Each entry maintains timestamped accuracy while connecting developments to IBM’s broader mission of advancing secure, cloud-native enterprise solutions.
Bookmark this page for direct access to IBM’s official communications, ensuring you remain informed about critical developments in enterprise IT infrastructure, Watson AI deployments, and Red Hat integration strategies without promotional commentary.
Sierra Space and IBM have signed a Memorandum of Understanding (MOU) to develop next-generation space technology and software platforms for low-Earth orbit commercialization. The collaboration aims to integrate IBM's technology to enhance the efficiency of Sierra Space astronauts' tasks using data analysis. The partnership envisions a comprehensive platform for managing cloud services in space, advancing applications related to commerce, research, and tourism. Both companies target the creation of a flexible distributed computing environment for operational enhancements.
The board of directors of IBM has declared a quarterly cash dividend of $1.65 per common share, which will be payable on December 10, 2022. Shareholders on record as of November 10, 2022 will receive this payment. This marks the continuation of IBM's consistent dividend payments since 1916, showcasing the company's commitment to shareholder returns and financial stability amidst changing market conditions.
On October 25, 2022, IBM announced an expansion of its embeddable AI software portfolio, introducing three new libraries aimed at assisting partners and developers in creating AI-powered applications. This offering is designed to lower the barriers to AI adoption, addressing skills shortages and development costs associated with building AI models. The new libraries include capabilities for natural language processing, speech-to-text, and text-to-speech, all accessible through IBM's existing AI ecosystem. These enhancements leverage technology from IBM Research and aim to streamline the integration of AI into various applications.
IBM has announced the recipients of the 2022 Education Security Preparedness Grants, awarding $5 million in in-kind services to schools globally to enhance cybersecurity. Grant recipients include institutions from Ireland, the United Arab Emirates, and various states in the U.S. The initiative aims to address increasing cyber threats against schools, with ransom attacks becoming more prevalent. IBM's program is now in its second year, reflecting the urgent need for improved cybersecurity measures as data breaches cost educational institutions an average of $3.86 million.
IBM announced its third-quarter 2022 earnings, reporting revenue of $14.1 billion, a 6% increase year-over-year. At constant currency, revenue rose 15%, driven by robust global adoption of hybrid cloud solutions. Notably, hybrid cloud revenue reached $22.2 billion, up 15%. The company reported a net cash from operating activities of $6.5 billion year-to-date, with free cash flow of $4.1 billion. IBM now expects full-year revenue growth to exceed its mid-single digit target, bolstered by ongoing demand for technology to enhance business capabilities.
IBM and Red Hat have launched Project Wisdom, an AI-driven initiative designed to simplify IT automation by translating natural language into automation workflows for Ansible. This project targets skill gaps in IT teams, allowing professionals to create automation tasks using plain English. By leveraging AI, Project Wisdom aims to enhance productivity and make IT automation accessible to users with diverse skill sets. The collaboration emphasizes open-source principles and community involvement to refine the AI model.
Red Hat has announced the appointment of Carolyn Nash as the new senior vice president and chief operating officer. In addition, Robert Leibrock takes on the role of senior vice president and chief financial officer, while Jim Palermo becomes vice president and chief information officer. Nash, previously CFO, played a vital role in enhancing the company's finance operations. Leibrock brings 20 years of experience from IBM, where he was integral to the $34 billion acquisition of Red Hat. This expansion aims to enhance operational efficiency and support the company's hybrid cloud strategy.
IBM (NYSE: IBM) is scheduled to hold its third-quarter 2022 financial results conference call on October 19, 2022, at 5:00 p.m. ET. Investors can access a live webcast of the call through IBM's investor website. Prior to the webcast, the earnings press release will be made available, and a replay along with associated charts and remarks will be accessible post-event.
