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IBM's AI book is dominated by its consulting business, which accounts for about 80% of it. Software forms the rest. But revenue from the consulting segment fell about 2% to $5.2 billion in the ...
IBM shares, however, fell 3% after the company stayed away from issuing a forecast for the current quarter, citing uncertainty around a global economic recovery due to the COVID-19 pandemic.
Companies have prioritized spending on longer-term consulting projects centered on their AI businesses - revenue from which is yet to be reflected in IBM's books. IBM reported revenue of $15.77 ...
International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, [6] is an American multinational technology company headquartered in Armonk, New York and present in over 175 countries. [7] [8] It is a publicly traded company and one of the 30 companies in the Dow Jones Industrial Average.
IBM reported revenue rose 4% last quarter, driven in part by demand for its AI products and services as well as its hybrid cloud. The computing giant also said free cash flow will improve this year.
IBM logo. IBM has undergone a large number of mergers and acquisitions during a corporate history lasting over a century; the company has also produced a number of spinoffs during that time. The acquisition date listed is the date of the agreement between IBM and the subject of the acquisition.
International Business Machines Corporation (IBM) is a multinational corporation specializing in computer technology and information technology consulting. Headquartered in Armonk, New York, the company originated from the amalgamation of various enterprises dedicated to automating routine business transactions, notably pioneering punched card-based data tabulating machines and time clocks.
The company is relying on its cloud business in the face of slowing growth in its legacy businesses, including mainframes and storage systems. Last week, it wrapped up its $34 billion acquisition ...