Tag: IBM
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IBM Beats Estimates with Q4 Results: Shares Soar 10%+
A Transition towards Software and Services Over the years, IBM has transformed its focus to provide software and services to large corporations. This strategic shift has contributed to its success in recent times. IBM reported earnings of $3.87 per share for Q4, generating $17.4 billion in revenue. These impressive figures surpassed the consensus estimates of […]
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IBM’s Long-Awaited Comeback: Cloud and Quantum Computing Drive Growth
1. Red Hat Acquisition and IBM’s Cloud Strategy In 2019, IBM made an “all-in” bet on the cloud with its purchase of Red Hat for $34 billion. This move significantly increased its long-term debt but has proven to be a worthwhile gamble. Through Red Hat OpenShift, IBM now owns a suite of containerization software products […]