Turbotodd

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

Archive for January 18th, 2018

IBM 4Q17 Earnings: Growth is Back

leave a comment »

IBM today announced fourth-quarter and full-year 2017 earnings results. Highlights:
 
• Fourth-quarter GAAP EPS from continuing operations of $(1.14)
    — Includes a one-time charge of $5.5 billion associated with the enactment of U.S. tax reform
•    Fourth-quarter operating (non-GAAP) EPS of $5.18
    — Excludes the one-time charge of $5.5 billion associated with the enactment of U.S. tax reform
    — Consistent with the basis of previously-provided 2017 expectations
•    Fourth-quarter revenue of $22.5 billion, up 4 percent (up 1 percent adjusting for currency)
•    Full-year strategic imperatives revenue of $36.5 billion, up 11 percent; represents 46 percent of IBM revenue
    — Fourth-quarter strategic imperatives revenue up 17 percent (up 14 percent adjusting for currency)
•    Full-year cloud revenue of $17.0 billion, up 24 percent year to year
    — As-a-service annual exit run rate of $10.3 billion in the quarter, up 20 percent year to year (up 18 percent adjusting for currency)

“Our strategic imperatives revenue again grew at a double-digit rate and now represents 46 percent of our total revenue, and we are pleased with our overall revenue growth in the quarter,” said Ginni Rometty, IBM chairman, president and chief executive officer.  “During 2017, we strengthened our position as the leading enterprise cloud provider and established IBM as the blockchain leader for business.  Looking ahead, we are uniquely positioned to help clients use data and AI to build smarter businesses.”

You can see the full details here.

Written by turbotodd

January 18, 2018 at 3:18 pm

Posted in 2018, earnings, ibm, wall street

IT Big Spender: AI, Blockchain, IoT

leave a comment »

Gartner Inc. presented its 2018 worldwide IT spending projections in a webinar yesterday, according to a report from The Wall Street Journal.

In its estimate, Gartner projected that worldwide IT spending this year would hit $3.7 trillion, up 4.5 percent over last year. Key areas that would help increase that spending included blockchain, Internet of Things, and artificial intelligence, among others.

Enterprise software spending is projected to reach $389 billion, up from 9.5 percent in 2017, as corporate budgets channel more funds into software-as-a-service.

Other big gains included devices, which are expected to grow 5.6% over last year to $704 billion.

As to AI:

By 2021, spending on AI will generate an estimated $2.9 trillion in new business value, as businesses seek to use AI-powered tools to “drive efficiency gains, create insights that personalize the customer experience, entice engagement and commerce, and aid in expanding revenue-generating opportunities,” Mr. Lovelock said.
– via WSJ

Written by turbotodd

January 18, 2018 at 10:32 am

Amazon’s Prime 20 Second HQ Cities

leave a comment »

Amazon has whittled down the list of possible homes for its second headquarters to 20, reports The New York Times.

The finalists include Atlanta; Austin; Boston; Chicago; Columbus, Ohio; Dallas; Denver; Indianapolis; Los Angeles; Miami; Montgomery County, Maryland; Nashville; Newark; New York; Northern Virginia; Philadelphia; Pittsburgh; Raleigh; Toronto; and Washington, DC.

On the process:

The company, based in Seattle, selected the finalists out of a pile of more than 238 applications submitted by local officials in Mexico, Canada and the United States — all of them eager to attract the 50,000 high-paying jobs the company says it could bring.
– via www.nytimes.com

“Getting from 238 to 20 was very tough — all the proposals showed tremendous enthusiasm and creativity,” said Holly Sullivan, Amazon’s head of economic development. “Through this process we learned about many new communities across North America that we will consider as locations for future infrastructure investment and job creation.”
– via www.nytimes.com

Written by turbotodd

January 18, 2018 at 9:33 am

Posted in 2018, amazon, whyaustin

%d bloggers like this: