International Business Machines Corporation - IBM STOCK NEWS

IBM has launched its Hybrid Cloud Build Team, comprising over 100 specialists, to enhance ecosystem partners' cloud migration and modernization efforts. Drawing from a recent IBM Institute for Business Value study, hybrid cloud adoption is projected to increase by 47% in three years, highlighting the strategic importance of IBM's initiative. The team, leveraging technologies like AI and Kubernetes, aims to optimize workloads across various cloud platforms. A notable collaboration with LTI focuses on enhancing insurance underwriting through AI integration. This initiative is part of IBM's $1B investment in its ecosystem.

A new IBM Institute for Business Value study reveals that managing a remote workforce is a top challenge for CEOs, especially those from outperforming organizations. These leaders prioritize talent, technology, and partnerships for post-COVID success. Key findings indicate that 77% of top-performing CEOs are focused on employee well-being, even if it impacts short-term profits. The study highlights the significance of flexible technology, partnerships, and addressing global issues like climate change. Conducted with 3,000 CEOs globally, this research underscores the evolving workplace dynamics.

On January 28, 2021, IBM unveiled new features in its TRIRIGA integrated workplace management system, leveraging artificial intelligence for efficient workplace management. The enhancements include indoor mapping, dynamic space planning, and a virtual assistant aimed at supporting organizations' return-to-work strategies amidst COVID-19. This initiative aligns with findings from IBM's recent study indicating 59% of executives accelerated digital transformation during the pandemic. Collaborations with Cisco and Esri further enhance TRIRIGA's capabilities for space management and employee productivity.

The IBM board has announced a quarterly cash dividend of $1.63 per share, scheduled for payment on March 10, 2021. Shareholders of record as of February 10, 2021 will receive this dividend. IBM has maintained a strong track record by paying consecutive quarterly dividends since 1916, highlighting its commitment to returning value to shareholders over a century of consistent performance.

IBM announced that DIA has transitioned its platform to IBM Cloud, utilizing IBM Cloud Hyper Protect Services for enhanced security and management of financial data. This migration aims to bolster data protection against potential cyber threats in the decentralized finance (DeFi) sector. The services ensure that sensitive data remains confidential, giving DIA full control over its cryptographic keys. The collaboration enhances security protocols, allowing DIA to operate in regulated environments while maintaining the integrity of its open-source financial data platform.

IBM has entered a five-year partnership with Luminor Bank to drive the bank's digital transformation and strengthen security. The collaboration will involve migrating Luminor's IT infrastructure to IBM Cloud for Financial Services, enhancing customer satisfaction and operational agility. Luminor aims to create a new digital platform for better service delivery while ensuring regulatory compliance.

IBM will also provide industry expertise in Cloud, AI, and Security, enabling Luminor to innovate and comply with the stringent regulations of the banking industry.

IBM (NYSE: IBM) reported Q4 and full-year 2020 earnings, highlighting progress in hybrid cloud and AI. Q4 revenue was $20.4 billion, down 6%, with a GAAP EPS of $1.41, affected by a $2.04 billion pre-tax charge. Full-year revenue totaled $73.6 billion, a decrease of 5%, with total cloud revenue at $25.1 billion, up 19%. The company's gross profit margins improved, and debt was reduced by $3.9 billion. IBM anticipates revenue growth in 2021, targeting adjusted free cash flow between $11 billion and $12 billion.

On January 19, 2021, Atos and IBM expanded their strategic alliance to enhance digital transformation for businesses. The collaboration focuses on creating industry-specific automation solutions powered by AI and hybrid cloud technologies. Key areas of development include asset lifecycle management, maintenance optimization, logistics solutions, and energy monitoring. This partnership aims to improve productivity and reduce costs in sectors such as Manufacturing, Energy, and Retail. Both companies emphasize their shared vision of leveraging data-driven strategies for operational optimization.

IBM (NYSE: IBM) has announced its acquisition of Taos, a prominent cloud professional and managed services provider. This move enhances IBM's hybrid cloud capabilities, positioning it strategically in the growing cloud services market, projected to exceed $200 billion by 2024. Taos, with extensive partnerships and over 300 certifications, strengthens IBM's consulting services in North America. The transaction, expected to close in the first quarter of 2021, aims to facilitate clients' transitions to hybrid cloud environments and drive growth in IBM's cloud offerings.