Turbotodd

Ruminations on IT, the digital media, and some golf thrown in for good measure.

IBM 3Q 2017 Earnings

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IBM announced its third quarter 2017 earnings this afternoon.

Highlights

  • Diluted EPS from continuing operations: GAAP of $2.92; Operating (non-GAAP) of $3.30
  • Revenue of $19.2 billion
  • Strategic imperatives revenue of $34.9 billion over the trailing 12 months, up 10 percent; represents 45 percent of IBM revenue
    • Third-quarter revenue up 11 percent (up 10 percent adjusting for currency)
  • Cloud revenue of $15.8 billion over the trailing 12 months, up 25 percent year to year (up 26 percent adjusting for currency)
    • As-a-service annual exit run rate of $9.4 billion in the quarter, up 25 percent year to year (up 24 percent adjusting for currency)
  • Maintains full-year EPS and free cash flow expectations

“In the third quarter we achieved double-digit growth in our strategic imperatives, extended our enterprise cloud leadership, and expanded our cognitive solutions business,” said Ginni Rometty, IBM chairman, president and chief executive officer.  “There was enthusiastic adoption of IBM’s new z Systems mainframe, which delivers breakthrough security capabilities to our clients.”

Written by turbotodd

October 17, 2017 at 3:49 pm

Posted in 2017, earnings, ibm, wall street

IBM 3Q 2017 Earnings

leave a comment »

IBM announced its third quarter 2017 earnings this afternoon.

Highlights

  • Diluted EPS from continuing operations: GAAP of $2.92; Operating (non-GAAP) of $3.30
  • Revenue of $19.2 billion
  • Strategic imperatives revenue of $34.9 billion over the trailing 12 months, up 10 percent; represents 45 percent of IBM revenue
    • Third-quarter revenue up 11 percent (up 10 percent adjusting for currency)
  • Cloud revenue of $15.8 billion over the trailing 12 months, up 25 percent year to year (up 26 percent adjusting for currency)
    • As-a-service annual exit run rate of $9.4 billion in the quarter, up 25 percent year to year (up 24 percent adjusting for currency)
  • Maintains full-year EPS and free cash flow expectations

“In the third quarter we achieved double-digit growth in our strategic imperatives, extended our enterprise cloud leadership, and expanded our cognitive solutions business,” said Ginni Rometty, IBM chairman, president and chief executive officer.  “There was enthusiastic adoption of IBM’s new z Systems mainframe, which delivers breakthrough security capabilities to our clients.”

Written by turbotodd

October 17, 2017 at 3:49 pm

Posted in 2017, earnings, ibm, wall street

KRACK

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I just got back from chasing a little white ball around the Texas Hill Country for a week.

Upon my return, I discovered the wonderful news about the KRACK attack (who comes up with these names??!).

First, the Equifax breach, now this.

If you’re not familiar, the KRACK exploit has to do with a serious weakness discovered in the WPA2 protocol (wifi).

According to a rundown in Ars Technica, the exploit allows attackers within range of vulnerable device or access points to intercept passwords, emails, and other data presumed to be encrypted. In some cases, the report goes on, it could allow perpetrators to inject ransomware or other malicious content into a website a client is visiting.

You can learn more details about the exploit and fallout here.

FYI, it won’t help to change your wifi password. Microsoft has issued a Windows patch for the exploit, Mac has beta fixes in developer releases of iOS, macOS, tvOS and watchOS, and Android is expected to have a fix in the coming weeks.

Now, on to the more positive news. Yesterday, IBM announced a new blockchain banking solution that will help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers.

TechCrunch captures the current situation and the blockchain remedy:

Currently, international transactions take days, if not weeks, to be completed. Frustration with that has seen services like TransferWise rise, but, great as they are, they remain solutions for savvy consumers or small businesses rather than all. A blockchain solution for banks addresses the root cause, and it could minimize the potential for errors thanks to the ledger-based system while also providing transparency and flexibility to banks. In one example, IBM said its service could be used to connect a farmer in Samoa with a buyer based in Indonesia, while covering more than just the payment itself. “The blockchain would be used to record the terms of the contract, manage trade documentation, allow the farmer to put up collateral, obtain letters of credit, and finalize transaction terms with immediate payment, conducting global trade with transparency and relative ease,” it said.
– via TechCrunch

Very cool stuff.

If you’re not yet on the blockchain, you can learn more here.

Written by turbotodd

October 17, 2017 at 8:32 am

IBM and Dream Payments Expand Payment Services on the Cloud

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IBM has announced it is teaming up with Toronto-based FinTech company Dream Payments to bring new revenue generating mobile payment offerings to financial institutions and merchants in the United States via the IBM Cloud.

Historically, financial institutions are slow to bring new products to market due to culture, legacy systems and heavy regulations within the payments industry.

To stay competitive, they must be able to rapidly implement new mobile and digital payment solutions for their small business customers. Dream enables powerful partnering options by connecting banks, acquirers, retailers and value-added apps to deliver services that meet the demands of today’s mobile merchants.

IBM and Dream Payments are rolling out Dream Payments Cloud to U.S. financial institutions –a scalable platform that enables financial institutions to provide business customers with secure mobile and digital payment services that help them go to market faster and improve customer experiences.

With this platform, which is delivered via the IBM Cloud, financial institutions can avoid investing in the expensive and lengthy IT projects required to build these services in-house. For example, financial institutions can leverage Dream Payments’ offering to rapidly launch solutions that work with emerging payment technologies like mobile wallets, CHIP cards and contactless payments.

Dream Payments turned to IBM because they needed a partner that could help them rapidly deploy cloud infrastructure while maintaining a high level of control and security. With IBM Cloud for VMware solutions, Dream Payments accelerated its cloud infrastructure deployment from three months to just days, while avoiding the cost and complexity of procuring, provisioning and managing new data centers.

This deployment also enables Dream Payments to provide financial institutions with the level of control they need to maintain Payment Card Industry (PCI) certifications in the cloud.

“The combination of IBM’s banking and financial services expertise along with IBM Cloud has allowed Dream Payments to build and scale its cloud infrastructure, right down to bare metal hardware access, to maintain bank grade security, PCI compliance and data sovereignty,” said Chad Whittaker, CIO, Dream Payments.

Dream Payments also plans to leverage IBM Managed Security Services including IBM QRadar on Cloud, a network security intelligence and analytics offering to help detect and take action against cybersecurity attacks and network breaches and improve their response to incidents. 

Written by turbotodd

October 16, 2017 at 8:57 am

The Weather Company, an IBM Business, Named Official Weather Partner of NASCAR

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NASCAR and The Weather Company, an IBM Business, announced today a multi-year agreement that will optimize the weather-related decision process for NASCAR as it incorporates hyper-local weather data and forecasts into their races to improve race-day operations and fan engagement.

 

As part of the agreement, The Weather Company, via The Weather Channel brand, becomes the Official Weather Partner of NASCAR.

In collaboration with Flagship Solutions Group, The Weather Company will provide critical weather information to NASCAR through an advanced weather insights dashboard developed by Flagship that will be integrated into NASCAR’s racing operations and decision support system.

Additionally, The Weather Channel will work with NASCAR on educational content, which will present fans with information on things like how weather impacts vehicle performance.

“There is an enormous amount of logistics and planning needed to support a NASCAR race, but the one thing we do not have control over is weather,” said Elton Sawyer, NASCAR vice president, officiating and technical inspection. “This partnership with The Weather Company and Flagship Solutions Group will provide NASCAR access to critical information that can improve race operations and help minimize delays, while improving the race day experience for millions of our loyal fans.”

Through this partnership, NASCAR will now have access to The Weather Company’s world-renowned weather data, as well as direct input from an onsite personal weather station, at each race. The Weather Company produces the most accurate forecast for more than 2 billion locations around the world every 15 minutes. NASCAR will incorporate hyper-local weather data and forecasts into their races to improve race-day operations and fan engagement.

“Every business needs a weather strategy – and this is especially true for a partner like NASCAR where every race has the potential to be impacted by weather,” said Bill Dow, head of media and entertainment for The Weather Company. “Having access to the most accurate, precise, and hyperlocal weather information positions NASCAR to make more informed and timely, critical business decisions that impact race day operations, as well as improve planning for future events that will help drive their success.”

The Weather Track, a real-time, weather insights dashboard, developed on the IBM Cloud and leveraging Flagship Solutions’ trademarked Infralytics™ methodology, will provide critical information including rain start and stop times, wind speed, lightning proximity, tornado/flash flood warnings, and more to help organizers optimize each event. Longer term, NASCAR plans to use weather forecasting and analytics to help improve planning.

Written by turbotodd

October 6, 2017 at 3:13 pm

IBM, Banks Collaborate to Advance an Open, Blockchain-based Trade Finance Platform

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Bank of Montreal (BMO), CaixaBank, Commerzbank and Erste Group have joined an initiative launched by UBS and IBM in 2016 to build a new global trade platform based on blockchain technology.

This new platform, called Batavia, is built to be openly accessed by organizations of all sizes anywhere in the world, and can support trade finance for transactions across all modes of trade, whether goods are being transported by air, land or sea.

Batavia advances the work initiated by UBS and IBM to develop a trade finance platform built on the IBM Blockchain Platform powered by the Hyperledger Fabric Blockchain framework.

The development work is being done collaboratively by the five banks and IBM in consultation with transportation industry experts as well as the banks’ customers to ensure that the platform is flexible and intuitive for customers and can be commercialized.

Batavia is targeting pilot transactions with customers on the network in early 2018 to test and refine the platform.

Designed to support more efficient, transparent and cost-effective transactions, the new global trade financing platform will help organizations more easily build multi-party, cross-border trading networks worldwide.

Batavia will allow transacting parties to view the progress of a shipment as it leaves the warehouse, is loaded onto a plane, truck or boat and arrives at the receiving port, automatically releasing payments incrementally along each step of the process.

The platform will help connect participants in a trading network, delivering the potential to transform global trade. The open nature of the platform, which encourages broad participation by many banks, vendors and regulators, will also help open new trade corridors, bring new players into the market and expedite processes that before were prohibitively time-consuming and expensive.

Traditionally, trading partners, including buyers, sellers, their banks, transporters, inspectors and regulators have relied on large volumes of paper-based documentation to securely conduct trade transactions. This process can take up to weeks, incurring costs, making data vulnerable to errors due to repeated manual reprocessing and tying up capital.

Delays and lack of transparency in trade can make it difficult for companies to access financing, limiting their ability to trade across borders and grow revenues. The Batavia platform will eliminate the necessity to handle and compare documents, allowing buyers, sellers and their banks to execute transactions with a high degree of efficiency and transparency.

Blockchain enables greater transparency by digitizing agreements entered into a permanent, immutable ledger that all involved parties in a trade transaction can view. The status of a contract until its fulfillment is updated automatically through IoT sensor data or user input.

Batavia will save users time and reduce costs by ensuring the integrity of data as it changes hands, reducing third-party verification processes and minimising the potential for errors, tampering or disputes. When all participants in a transaction can access a shared version of the truth, they can interact with greater trust, build larger and more distributed networks, and in turn, grow revenue.

You can learn more about the IBM Blockchain Platform here.

Written by turbotodd

October 5, 2017 at 11:22 am

25th Anniversary ThinkPad

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If you’re looking for a special gift for that special someone who has laptop-itis, or just general technology on the brain, you might be well advised to check out the special 25th anniversary edition of the IBM ThinkPad 700C.

The new 25th Anniversary Edition of the ThinkPad 700C

According to CNBC, the ThinkPad Anniversary Edition 25 features a backlit 7-row keyboard, a throwback multicolor logo, the original pink mouse nub and a blue return button. However, it will be a lot thinner then the original 700C, and will feature a 14-inch full HD display. The new old ThinkPad will be priced at $1,899. (I remember working on one of the originals, and thought at times it would make an excellent boat anchor).

On the other hand, if you’re looking for something a little more modern, The Verge provides a detailed first look at the just announced Google Pixelbook. Their verdict? “It’s an incredibly well-built, thin, and beautiful laptop that you can convert into a tablet by flipping the screen over,” but “is it really worth spending over a thousand bucks on a Chromebook device?” The answer to that question seems to depend on how much of an Android you are.

Written by turbotodd

October 5, 2017 at 10:29 am

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