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International Business Machines Corp (IBM.N)

IBM.N on New York Stock Exchange

166.52USD
9 Dec 2016
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$1.16 (+0.70%)
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Latest Key Developments (Source: Significant Developments)

Berkshire Hathaway Q3 operating earnings per class A equivalent share $2,951
Friday, 4 Nov 2016 04:15pm EDT 

Berkshire Hathaway Inc : Press release - Berkshire Hathaway Inc. News release . Since beginning of year, book value per class A equivalent share has increased by 5.3 percent to $163,783 at quarter-end . Qtrly net earnings per class A equivalent share attributable to Berkshire shareholders $4,379 . Q3 net earnings attributable to shareholders $7,198 million versus $9,428 million . Qtrly operating earnings per class A equivalent share $2,951 . Qtrly operating earnings $4,851 million versus $4,551 million . Says it had $22.1 billion stake in Wells Fargo & Co as of Sept. 30 – SEC filing . Berkshire Hathaway Inc had reported $23.7 billion stake in Wells Fargo & Co as of June 30 – SEC filing . Qtrly total revenue $59.07 billion versus $58.99 billion . Unrealized losses at Sept 30 included $941 million related to investment in IBM common stock . "IBM continues to be profitable and generate significant cash flows" . Currently do not intend to dispose of IBM common stock; expect that fair value of investment will recover and exceed cost .Berkshire Hathaway Inc Q3 shr view $3058.10 -- Thomson Reuters I/B/E/S.  Full Article

Celgene and IBM Watson Health collaborate to transform patient safety monitoring
Tuesday, 1 Nov 2016 04:30pm EDT 

Celgene Corp : Celgene and IBM Watson Health forge collaboration designed to transform patient safety monitoring .Celgene Corp - IBM Watson for patient safety, a new offering, will run on Watson Health cloud.  Full Article

IBM authorizes $3 bln stock repurchase
Tuesday, 25 Oct 2016 02:00pm EDT 

IBM : IBM board approves quarterly cash dividend; authorizes $3 billion for stock repurchase . Sets regular quarterly cash dividend of $1.40 per share . Stock repurchase amount is in addition to approximately $3 billion remaining at end of September 2016 from a prior authorization Further company coverage: [IBM.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

IBM posts qtrly diluted GAAP earnings per share of $2.98
Monday, 17 Oct 2016 04:11pm EDT 

International Business Machines Corp : IBM reports 2016 third-quarter earnings . Q3 operating non-gaap gross profit margin from continuing operations 48 percent versus 49 percent in Q2 . Q3 revenue $19.2 billion versus I/B/E/S view $19 billion . Sees FY 2016 non-gaap operating earnings per share at least $13.50 . Sees FY 2016 GAAP earnings per share at least $12.23 . Q3 GAAP gross profit margin from continuing operations of 46.9% versus 47.9% in Q2 . There is no change to IBM's previously-provided free cash flow guidance for FY 2016 . Qtrly diluted gaap earnings per share of $2.98; qtrly operating (non-GAAP) earnings per share of $3.29 . Third-Quarter revenues from company's strategic imperatives increased 16 percent year to year (up 15 percent adjusting for currency) . Q3 earnings per share view $3.23, revenue view $19.00 billion -- Thomson Reuters I/B/E/S . Q3 earnings per share view $3.23 -- Thomson Reuters I/B/E/S . Cloud revenues for quarter increased 44 percent (up 42 percent adjusting for currency) .FY2016 earnings per share view $13.51 -- Thomson Reuters I/B/E/S.  Full Article

CDI and International Business Machines have entered into a master statement of work
Thursday, 22 Sep 2016 04:36pm EDT 

Cdi Corp : CDI Corporation, a unit of CDI Corp and International Business Machines Corporation have entered into a master statement of work . MSOW replaces previous master statement of work between CDI and IBM which became effective on December 31, 2011. . MSOW became effective on September 17, 2016 & remains in effect until September 16, 2018 or until all services provided by CDI are completed .Says pursuant to MSOW, CDI will provide information technology staffing and other services to IBM.  Full Article

IBM and Bank of Tokyo-Mitsubishi UFJ to use blockchain for contract management between the 2 companies
Friday, 16 Sep 2016 08:00am EDT 

IBM And Bank of Tokyo : Mitsubishi UFJ to use blockchain for contract management between the two companies . Says IBM and BTMU aim to manage agreements between two companies with system by end of fiscal year 2017 . Says bank plans to begin using it to manage contracts within their business in fiscal year 2017 .Two companies will begin by piloting blockchain to automate business transactions between two companies.  Full Article

Royal Philips appoints Sophie Bechu as Chief of Operations
Thursday, 1 Sep 2016 03:24am EDT 

Royal Philips : Philips appoints Sophie Bechu as Chief of Operations .Sophie Bechu joins Philips as of Sept. 1 from International Business Machines Corp.  Full Article

Laurentian Bank Q3 adjusted EPS C$1.37
Wednesday, 31 Aug 2016 08:33am EDT 

Laurentian Bank Of Canada : Laurentian Bank reports third quarter 2016 results . Q3 earnings per share C$1.34 . Q3 revenue rose 1 percent to C$229.1 million . Q3 earnings per share view C$1.40 -- Thomson Reuters I/B/E/S . Common equity tier 1 capital ratio stood at 7.9% as at july 31, 2016, compared with 7.9% as at april 30, 2016 . Q3 revenue view C$229.1 million -- Thomson Reuters I/B/E/S . Qtrly common equity tier 1 capital ratio stood at 7.9% as at July 31, 2016, compared with 7.9% as at April 30, 2016 . Entered into a new outsourcing agreement with IBM Canada to manage infrastructure and storage operations .Net interest income increased by $0.8 million or 1% to $148.0 million for q3 of 2016.  Full Article

IBM expands cloud footprint in Korea
Thursday, 25 Aug 2016 08:00am EDT 

International Business Machines Corp : IBM expands cloud footprint in Korea .IBM says opening of a new IBM cloud data center in Korea, in collaboration with SK Holdings C&C. located outside of Seoul in Pangyo.  Full Article

Indusind Bank and IBM enter agreement for digital marketing services
Wednesday, 24 Aug 2016 03:12am EDT 

IndusInd Bank Ltd : IBM and co enter agreement for multi channel digital marketing services .  Full Article

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IBM 'failed' on Australia's census: Australian PM

SYDNEY International Business Machines Corp failed in its handling of the A$10 million ($7.4 million) IT contract for Australia's first predominantly online census, Australian Prime Minister Malcolm Turnbull said on Friday.