Edition:
India

International Business Machines Corp (IBM.N)

IBM.N on New York Stock Exchange

134.31USD
18 Nov 2019
Change (% chg)

$-0.09 (-0.07%)
Prev Close
$134.40
Open
$134.30
Day's High
$134.47
Day's Low
$133.24
Volume
1,136,133
Avg. Vol
1,002,079
52-wk High
$152.95
52-wk Low
$105.96

Latest Key Developments (Source: Significant Developments)

IBM Expects Total Revenue To Increase Between $3.5 Bln And $3.7 Bln From Q3 To Q4 Of 2019
Friday, 18 Oct 2019 

Oct 17 (Reuters) - International Business Machines Corp ::IBM SAYS EXPECTS TOTAL REVENUE TO INCREASE BETWEEN $3.5 BILLION AND $3.7 BILLION FROM THIRD QUARTER TO FOURTH QUARTER OF 2019 - SEC FILING.  Full Article

SS&C To Acquire Algorithmics Assets From IBM
Thursday, 26 Sep 2019 

Sept 25 (Reuters) - SS&C Technologies Holdings Inc ::SS&C TO ACQUIRE ALGORITHMICS ASSETS FROM IBM.SS&C TECHNOLOGIES HOLDINGS INC - HAS ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE CERTAIN ALGORITHMICS AND RELATED ASSETS FROM IBM.  Full Article

Guerbet Signs New Agreement With IBM Watson Health On AI Solution
Tuesday, 24 Sep 2019 

Sept 24 (Reuters) - GUERBET SA ::SIGNED A NEW AGREEMENT WITH IBM WATSON HEALTH TO CO-DEVELOP AND CO-COMMERCIALIZE AN AI SOLUTION.THIS SECOND AGREEMENT IS AIMED AT DEVELOPING AND MARKETING A SOFTWARE SOLUTION TO HELP RADIOLOGISTS AND ONCOLOGISTS DIAGNOSE AND MONITOR PROSTATE CANCER.  Full Article

IBM Sees Base Revenue To Decline Between $1.3 Bln To $1.4 Bln From Q2 To Q3
Friday, 2 Aug 2019 

Aug 2 (Reuters) - International Business Machines Corp ::IBM - GIVEN SEASONALITY IN BASE BUSINESS, REVENUE IS TYPICALLY DOWN FROM Q2 TO Q3; THIS YEAR, CO SEES BASE REVENUE TO DECLINE BETWEEN $1.3-$1.4 BILLION FROM Q2 TO Q3.IBM - ON TOP OF BASE REVENUE, RED HAT EXPECTED TO ADD ABOUT $350 MILLION OF REVENUE IN Q3.IBM - LOOKING AT IMPACT OF RED HAT & RELATED ACTIVITY TO OPERATING EPS, CO EXPECTS ABOUT $0.70 IMPACT IN Q3.  Full Article

IBM - Sees Rev At CC Of Mid Single-Digit Growth For 2020-2021
Friday, 2 Aug 2019 

Aug 2 (Reuters) - International Business Machines Corp ::IBM - SEES REVENUE AT CC OF MID SINGLE-DIGIT GROWTH FOR 2020-2021 .IBM SEES 2019 OPERATING EPS OF AT LEAST $12.80.  Full Article

IBM Board Approves Regular Quarterly Cash Dividend
Tuesday, 30 Jul 2019 

July 30 (Reuters) - International Business Machines Corp ::IBM BOARD APPROVES REGULAR QUARTERLY CASH DIVIDEND.IBM - DECLARED A REGULAR QUARTERLY CASH DIVIDEND OF $1.62 PER COMMON SHARE.  Full Article

IBM Says Extended Maturity Of Existing $10.25 Bln Amended And Restated Five-Year Credit Agreement
Saturday, 20 Jul 2019 

July 19 (Reuters) - International Business Machines Corp ::IBM - EXTENDED MATURITY OF EXISTING $10.25 BILLION AMENDED AND RESTATED FIVE-YEAR CREDIT AGREEMENT DATED AS OF JULY 19, 2018 - SEC FILING.IBM - ON JULY 18, CO AND IBM CREDIT LLC ENTERED INTO A NEW $2.5 BILLION 364-DAY CREDIT AGREEMENT.IBM - EXTENDED MATURITY OF EXISTING $2.5 BILLION AMENDED AND RESTATED THREE-YEAR CREDIT AGREEMENT DATED AS OF JULY 19, 2018.IBM - MATURITY OF EACH OF AMENDED & RESTATED 3-YEAR AND 5-YEAR CREDIT AGREEMENT WAS EXTENDED BY 1 YEAR TO JULY 20, 2022 AND JULY 20, 2024, RESPECTIVELY.IBM - TERMS OF AMENDED & RESTATED 3-YEAR AND 5-YEAR CREDIT AGREEMENT OTHERWISE REMAIN UNCHANGED.  Full Article

IBM Q2 Operating (Non-GAAP) EPS $3.17
Thursday, 18 Jul 2019 

July 17 (Reuters) - International Business Machines Corp ::QTRLY GAAP EPS FROM CONTINUING OPERATIONS $2.81; QTRLY OPERATING (NON-GAAP) EPS $3.17.QTRLY REVENUE $19.2 BILLION, DOWN 4.2% (DOWN 1.6% ADJUSTING FOR CURRENCY).Q2 EARNINGS PER SHARE VIEW $3.07, REVENUE VIEW $19.16 BILLION -- REFINITIV IBES DATA.THROUGH Q2, ON TRACK TO ACHIEVE FY 2019 EPS & FREE CASH FLOW EXPECTATIONS EXCLUDING IMPACT OF RED HAT ACQUISITION.FY2019 EARNINGS PER SHARE VIEW $13.90 -- REFINITIV IBES DATA.QTRLY GAAP GROSS PROFIT MARGIN FROM CONTINUING OPERATIONS OF 47% VERSUS 44.2% REPORTED IN PRIOR QUARTER.CO TO UPDATE FY 2019 EXPECTATIONS, INCLUDING IMPACT OF RED HAT ACQUISITION, ON AUG. 2.QTRLY OPERATING (NON-GAAP) GROSS PROFIT MARGIN OF 47.4% VERSUS 44.7% REPORTED IN PRIOR QUARTER.AT QUARTER-END, DEBT TOTALED $73 BILLION, INCLUDING GLOBAL FINANCING DEBT OF $25 BILLION.  Full Article

IBM And At&T Announce Multi-Year Strategic Alliance
Tuesday, 16 Jul 2019 

July 16 (Reuters) - International Business Machines Corp ::IBM AND AT&T ANNOUNCE MULTI-YEAR STRATEGIC ALLIANCE.AT&T INC - IBM TO MAKE AT&T BUSINESS PRIMARY PROVIDER OF SOFTWARE DEFINED NETWORKING.AT&T INC - IBM WILL PROVIDE INFRASTRUCTURE TO SUPPORT AT&T BUSINESS'S APPLICATIONS.AT&T INC - AT&T BUSINESS WILL UTILIZE RED HAT'S OPEN SOURCE PLATFORM TO MANAGE WORKLOADS AND APPLICATIONS.AT&T INC - COMPANIES TO EXPAND RELATIONSHIP TO ENABLE MOVING AT&T BUSINESS APPLICATIONS TO IBM CLOUD.  Full Article

Red Hat Inc Posts Q1 Revenue of $934 Million
Friday, 21 Jun 2019 

June 20 (Reuters) - Red Hat Inc ::RED HAT REPORTS FIRST QUARTER RESULTS FOR FISCAL YEAR 2020.Q1 REVENUE $934 MILLION VERSUS REFINITIV IBES ESTIMATE OF $931.6 MILLION.Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.00.Q1 EARNINGS PER SHARE $0.76.Q1 EARNINGS PER SHARE ESTIMATE $0.86 -- REFINITIV IBES DATA.Q1 APPLICATION DEVELOPMENT-RELATED AND OTHER EMERGING TECHNOLOGY SUBSCRIPTION REVENUE OF $235 MILLION, UP 24% YEAR-OVER-YEAR IN USD.DUE TO PENDING DEAL WITH IBM , RED HAT WILL NOT BE PROVIDING AN OUTLOOK FOR ITS FISCAL YEAR 2020.SUBSCRIPTION REVENUE FROM INFRASTRUCTURE-RELATED OFFERINGS FOR QUARTER WAS $580 MILLION, AN INCREASE OF 11% YEAR-OVER-YEAR.  Full Article

Photo

U.S. defense chief rejects Amazon's accusations of bias in cloud contract

SEOUL U.S. Defense Secretary Mark Esper on Friday rejected any suggestion of bias in a Pentagon decision to award Microsoft Corp an up to $10 billion cloud computing contract, after Amazon.com Inc announced plans to challenge it.