IBM reported earnings this week, which weren't exactly stellar, but without Red Hat's revenue, it could have been far worse.
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 r
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 slow but steady single-digit growth, led by Red Hat.
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.
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 over the
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 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 healthcare vertical just as it seems to be
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, the software company it purchased for $34 billion in 2
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 upheaval. That
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 over in that role. IBM d
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 be the linchpin of the or
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 an astonishing 22 straight qua
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 to take advantage of IBM’s $34
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 month’s announcement that
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
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 an interview with Jon Fortt at
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 April, was ready to fully
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 applies to federal law enforcement age
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 Daily Crunch
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 also voi