Arvind Krishna
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Red Hat saved IBM’s bacon this quarter
IBM reported earnings this week, which weren’t exactly stellar, but without Red Hat’s revenue, it could have been far worse.
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IBM’s CEO wants to chart quantum-fueled, AI-powered path to the future
When Arvind Krishna took over as CEO at IBM in April 2020, the world was immersed in the initial throes of the COVID pandemic and his company was struggling. It had spent the better part of a decade reporting declining revenue and it desperately needed a change in direction. Whatever IBM had been doing, it…
How Red Hat became the tip of the spear for IBM’s rejuvenation strategy
When IBM paid $34 billion to acquire Red Hat in 2018, it was a big bet on a hybrid cloud future. Over the last couple of quarters, IBM has produced…
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IBM’s rebound continues with faster growth in Q1
There were a lot of lean years for IBM when it posted 22 straight quarters of declining revenues from 2012 to 2017. But for the second straight quarter, Big Blue posted revenue growth.
Amazon, Microsoft and Google have suspended cloud sales in Russia
As the war in Ukraine continues, companies as varied as Exxon, Visa, McDonald’s and Coca-Cola have suspended sales in Russia. Tech companies like Adobe, Apple and PayPal have joined in…
Investors love a good EPS number. But for a company that is working to rebound, having a tight set of goals is hardly a sin.
IBM reportedly shopping Watson Health just as healthcare gets hot
IBM could be looking to sell the Watson Health division for a mere $1 billion, according to an Axios report. The question is why is IBM running away from the…
IBM has been in the midst of a strategy shift with a focus on hybrid cloud and AI since Arvind Krishna was promoted to CEO in last year. Red Hat,…
New IBM Power E1080 server promises dramatic increases in energy efficiency, power
We know that large data centers running powerful servers use vast amounts of electricity. Anything that can reduce consumption would be a welcome change, especially in a time of climate…
Jim Whitehurst steps down as president at IBM just 14 months after taking role
In a surprise announcement today, IBM announced that Jim Whitehurst, who came over in the Red Hat deal, would be stepping down as company president just 14 months after taking…
Red Hat CEO looks to maintain double-digit growth in second year at helm
Red Hat CEO Paul Cormier runs the centerpiece of IBM’s transformation hopes. When Big Blue paid $34 billion for his company in 2018, it was because it believed it could…
IBM breaks latest revenue losing streak as cloud revenue shows modest growth
For IBM, much of the last eight years simply posting positive revenue growth was a challenge. In fact, the company had a period between 2013 and 2018 when it experienced…
IBM transformation struggles continue with cloud and AI revenue down 4.5%
A couple of months ago at CNBC’s Transform conference, IBM CEO Arvind Krishna painted a picture of a company in the midst of a transformation. He said that he wanted…
As IBM shifts to hybrid cloud, reports have them laying off 10,000 in EU
As IBM makes a broad shift in strategy, Bloomberg reported this morning that the company would be cutting around 10,000 jobs in Europe. This comes on the heels of last…
IBM is acquiring APM startup Instana as it continues to expand hybrid cloud vision
As IBM transitions from software and services to a company fully focussed on hybrid cloud management, it announced its intention to buy Instana, an applications performance management startup with a…
IBM CEO Arvind Krishna wants to completely transform his organization
When IBM announced it was spinning out its infrastructure services business last month, it was surely a sign that the company was going all in on hybrid cloud. Today in…
As IBM spins out legacy infrastructure management biz, CEO goes all in on the cloud
When IBM announced this morning that it was spinning out its legacy infrastructure services business, it was a clear signal that new CEO Arvind Krishna, who took the reins in…
In a surprise blog post, Amazon said it will put the brakes on providing its facial recognition technology to police for one year, but refuses to say if the move…
Daily Crunch: IBM is getting out of facial recognition
IBM’s CEO takes a stand on mass surveillance, Apple may soon make a big chip announcement and Google Maps gets new features to help users navigate transit safely. Here’s your…
IBM ends all facial recognition business as CEO calls out bias and inequality
IBM CEO Arvind Krishna announced today that the company would no longer sell facial recognition services, calling for a “national dialogue” on whether it should be used at all. He…
IBM confirmed reports from overnight that it is conducting layoffs, but wouldn’t provide details related to location, departments or number of employees involved. The company framed it in terms of…
New Red Hat CEO Paul Cormier faces a slew of challenges in the midst of pandemic
When former Red Hat CEO Jim Whitehurst moved on to become president at parent company IBM earlier this month, the logical person to take his place was long-time executive Paul…
Incoming IBM CEO Arvind Krishna faces monumental challenges on multiple fronts
Arvind Krishna is not the only CEO to step into a new job this week, but he is the only one charged with helping turn around one of the world’s…
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Arvind Krishna will replace Ginni Rometty as IBM CEO in April
IBM announced today that the board of directors has elected IBM senior vice president for Cloud and Cognitive Software Arvind Krishna to replace current CEO Ginni Rometty. He will take over on April 6th after a couple of months of transition. Rometty will remain with the company as chairman of the board. Krishna reportedly drove…
