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.
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IBM and the United States Tennis Association (USTA) have renewed their 30-year partnership for another five years, enhancing fan experiences for the upcoming 2022 US Open. The collaboration will leverage hybrid cloud and AI technologies to introduce features such as Win Factors and Have Your Say, allowing fans to gain insights into player performance and make match predictions. The revamped USOpen.org and US Open app will offer a more intuitive interface and personalized content for fans, promoting deeper engagement.
IBM's 2022 Cost of a Data Breach Report reveals the global average cost of data breaches has risen to $4.35 million, a 13% increase over the last two years. Notably, 60% of affected organizations increased product prices post-breach, contributing to inflation concerns. The report indicates 83% of organizations faced multiple breaches, with critical infrastructure entities lagging in zero trust adoption, incurring costs averaging $5.4 million. Additionally, organizations deploying security AI saw average savings of $3.05 million in breach costs.
IBM's board of directors declared a quarterly cash dividend of $1.65 per common share, to be paid on September 10, 2022. Stockholders of record by August 10, 2022 will receive this payment. Notably, with this announcement, IBM continues its streak of paying consecutive quarterly dividends since 1916, reflecting its commitment to shareholder returns.
IBM reported second-quarter 2022 revenue of $15.5 billion, a 9% increase, with a 16% rise at constant currency, driven by hybrid cloud and AI demands. Key segments included software revenue at $6.2 billion (up 6%), consulting at $4.8 billion (up 10%), and infrastructure at $4.2 billion (up 19%). Cash flow remained strong with $4.6 billion from operating activities year-to-date. IBM anticipates full-year revenue growth at the high end of its mid-single-digit guidance and expects $10 billion in free cash flow.
Red Hat has appointed Matt Hicks as the new president and CEO, succeeding Paul Cormier, who transitions to the role of chairman. Hicks, an experienced leader with a 16-year history at Red Hat, previously served as executive vice president of Products and Technologies. Under his stewardship, Red Hat's hybrid cloud strategy flourished, enhancing their OpenShift platform and expanding service capabilities for AI and edge computing. Cormier has significantly influenced Red Hat's growth and strategy since its acquisition by IBM in 2019, and he continues to work closely with both Hicks and IBM's leadership.
IBM has expanded its Power10 server line with new mid-range and scale-out systems, enhancing capabilities for hybrid cloud environments. Introduced on July 12, 2022, these systems provide significant improvements in performance, scalability, and security. Key features include pay-as-you-go consumption models, optimized support for SAP workloads, and advanced security like transparent memory encryption. The new offerings aim to modernize business applications, automate IT operations, and enhance flexibility for clients in adapting to changing demands.
Francisco Partners has successfully acquired IBM's Watson Health assets, establishing a new entity called Merative, headquartered in Ann Arbor, Michigan. This acquisition aims to enhance healthcare delivery through data and analytics solutions. Merative will offer six product families focused on various healthcare sectors, leveraging significant investment from Francisco Partners and other investors like True Wind Capital and Sixth Street. Notably, seasoned CEO Gerry McCarthy will lead the new company, promising to expand its market reach.
IBM, as the Official Technology Partner for The Championships, has unveiled innovative digital fan experiences for Wimbledon 2022, utilizing AI and hybrid cloud technologies. New features include the 'Win Factors' for improved match insights and the 'Have Your Say' interactive predictions tool. These enhancements are designed to deepen fan engagement and understanding of matches via comprehensive data analysis, powered by IBM Watson. The Championships will take place from June 27 to July 10, 2022.
IBM announced an open-source toolkit aimed at identifying and mitigating bias in advertising technology during the Cannes Lions International Festival on June 20, 2022. This initiative is part of a broader commitment by leading organizations, including Delta Air Lines and WPP, to address bias in advertising. The toolkit features 75 fairness metrics and 13 algorithms to assist companies in understanding and reducing bias in their ad campaigns. The move comes amid rising consumer concern over bias in AI, highlighting the need for fairness and transparency in marketing practices.
IBM plans to acquire Randori, an attack surface management and offensive cybersecurity provider, to enhance its cybersecurity portfolio and support its Hybrid Cloud strategy. The acquisition aims to help clients identify vulnerabilities in their systems and prioritize risks effectively. With this acquisition, IBM will integrate Randori's capabilities into its existing QRadar XDR framework, allowing for improved threat detection and incident response. This marks IBM's fourth acquisition in 2022, as it focuses on strengthening its AI and cybersecurity expertise.
