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International Business Machines Corp (IBM)

IBM on New York Consolidated

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21 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Berkshire Hathaway cuts share stake in IBM, Charter, ups stake in Apple
Tuesday, 14 Nov 2017 04:32pm EST 

Nov 14 (Reuters) - Berkshire Hathaway Inc ::Cuts share stake in IBM by 31.5 percent to 37 million shares - SEC filing.Takes share stake in Bank of America.Reports share stake of 679 million shares in Bank of America.Ups share stake in Apple by 3 percent to 134.1 million shares.Cuts share stake in Charter Communications by 10.1 percent to 8.5 million Class A shares.Change in holdings are as of Sept. 30, 2017 and compared with the previous quarter ended as of June 30, 2017.  Full Article

Element AI bags former IBM chief innovation officer
Thursday, 2 Nov 2017 09:00am EDT 

Nov 2 (Reuters) - International Business Machines Corp :Element AI says former IBM chief innovation officer Linda Bernardi joins Element AI as chief product and strategy officer​.  Full Article

IBM ‍announced new offerings to its Watson Data Platform, including data cataloging and data refining​
Thursday, 2 Nov 2017 08:00am EDT 

Nov 2 (Reuters) - International Business Machines Corp :IBM - ‍Announced new offerings to its Watson Data Platform, including data cataloging and data refining​.  Full Article

IBM board authorizes $3 bln for stock repurchase
Tuesday, 31 Oct 2017 11:11am EDT 

Oct 31 (Reuters) - International Business Machines Corp ::IBM board approves quarterly cash dividend; authorizes $3 billion for stock repurchase.‍Board also authorized $3 billion in additional funds for use in company's stock repurchase program.With the new authorization, IBM will have approximately $4.5 billion for its stock repurchase program​.Board of directors today declared a regular quarterly cash dividend of $1.50 per common share​.The ‍authorized $3 billion amount is in addition to approximately $1.5 billion remaining at end of September 2017 from a prior authorization​.  Full Article

IBM elects Joseph Swedish and Frederick Waddell to Board of Directors​
Monday, 30 Oct 2017 04:15pm EDT 

Oct 30 (Reuters) - International Business Machines Corp ::IBM elects two new members to its Board of Directors.IBM - ‍Board of Directors today elected Joseph R. Swedish and Frederick H. Waddell to Board​.IBM says ‍IBM Board now has a total of 15 members​.IBM - ‍Joseph R. Swedish is Chairman, President and Chief Executive Officer of Anthem​.IBM - ‍Frederick H. Waddell is Chairman and Chief Executive Officer of Northern Trust Corporation​.  Full Article

IBM says security software grew double digits in Q3
Tuesday, 17 Oct 2017 08:53pm EDT 

Oct 17 (Reuters) - International Business Machines Corp ::IBM says "security software grew double digits this quarter and is clearly a hot market for us" - conf call.IBM says in quarter, IBM Z revenue grew 62 percent year-to-year and margins expanded after launch of the Z14 program in mid-September - conf call.IBM, on revenue growth from Q3 to Q4, says "this year, we'd expect stronger sequential performance, due in part to the mainframe cycle" - conf call.  Full Article

IBM reports 2017 third-quarter results
Tuesday, 17 Oct 2017 04:11pm EDT 

Oct 17 (Reuters) - International Business Machines Corp :IBM reports 2017 third-quarter results.Q3 revenue $19.2 billion versus I/B/E/S view $18.6 billion.Sees FY 2017 non-GAAP operating earnings per share at least $13.80.Sees FY 2017 GAAP earnings per share at least $11.95.IBM - qtrly ‍diluted EPS from continuing operations: GAAP of $2.92; operating (non-GAAP) of $3.30​.IBM - ‍maintains full-year EPS and free cash flow expectations​.IBM - qtrly strategic imperatives revenue ‍up 11 percent​.Q3 earnings per share view $3.28 -- Thomson Reuters I/B/E/S.IBM - ‍third-quarter cloud revenues increased 20 percent to $4.1 billion​.FY2017 earnings per share view $13.75 -- Thomson Reuters I/B/E/S.IBM - qtrly operating (non-GAAP) gross profit margin of 47.6 percent, down 0.4 pts year-over-year‍​.  Full Article

Oracle names IBM as strategic HR BPO provider
Tuesday, 10 Oct 2017 08:00am EDT 

Oct 10 (Reuters) - International Business Machines Corp ::Oracle names IBM as strategic HR BPO provider.Oracle Corp - ‍named IBM as a strategic partner to provide business process outsourcing for human resources delivered on Oracle HCM cloud platform​.  Full Article

IBM acquires Vivant Digital business in Australia
Wednesday, 4 Oct 2017 09:05am EDT 

Oct 4 (Reuters) - International Business Machines Corp :IBM acquires Vivant Digital business in Australia.‍Financial details were not disclosed.​.‍CEO and founder of Vivant, Anthony Farah, will also take role of Digital Strategy & iX leader for IBM Australia and New Zealand​.  Full Article

IBM awarded $135 mln ‍U.S. Army contract
Wednesday, 6 Sep 2017 08:00am EDT 

Sept 6 (Reuters) - International Business Machines Corp :IBM - ‍U.S. Army's Logistics Support Activity awarded contract to continue providing cloud services, among others for one U.S. fed government's logistics systems​.IBM - ‍33-month, $135 million contract represents a successful re-compete of work that LOGSA signed with IBM in September 2012​.  Full Article

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IBM urged to avoid working on 'extreme vetting' of U.S. immigrants

WASHINGTON A coalition of rights groups launched an online petition on Thursday urging IBM Corp to declare that it will not develop technology to help the Trump administration carry out a proposal to identify people for visa denial and deportation from the United States.