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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.
April 2012 – IBM sells its Retail Store Solutions division (Point-of-Sales) to Toshiba TEC [222] January 2014 – IBM sells its IBM System x business to Lenovo for $2.3 billion. [223] October 2014 – IBM sells its Microelectronics (semiconductor) branch to GlobalFoundries. IBM will pay GlobalFoundries $1.5 billion over 3 years to take over ...
By the summer of 1993, the IBM PC Co. had divided into multiple business units itself, including Ambra Computer Corporation and the IBM Power Personal Systems Group, the former an attempt to design and market "clone" computers of IBM's own architecture and the latter responsible for IBM's PowerPC-based workstations.
IBM's Global Technology Services unit, its biggest business by revenue that includes infrastructure, cloud and technology support services, reported a 6.7% drop in revenue to $6.84 billion ...
webMethods was an enterprise software company focused on application integration, business process integration and B2B partner integration. Founded in 1996, the company sold systems for organizations to use web services to connect software applications over the Internet. In 2000, the company stock shares rose over 500% the first day it was ...