Turbotodd

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IBM Reports 2018 Third-Quarter Results

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IBM today announced its 2018 third-quarter results, generating its best year-to-year gross margin performance in three years, which reflected the company’s move towards higher value businesses.

Highlights are as follows:

  • GAAP EPS from continuing operations of $2.94; Operating (non-GAAP) EPS of $3.42
  • Revenue of $18.8 billion, down 2 percent (flat adjusting for currency)
  • Strategic imperatives revenue of $39.5 billion over last 12 months, up 13 percent (up 11 percent adjusting for currency)
  • Cloud revenue of $19.0 billion over last 12 months, up 20 percent (up 18 percent adjusting for currency) 
  • As-a-service annual exit run rate for cloud revenue of $11.4 billion in the quarter, up 21 percent year to year (up 24 percent adjusting for currency)
  • Strong services gross profit margin expansion year to year
  • Maintains full-year operating (non-GAAP) EPS and free cash flow expectations

“IBM’s progress and momentum this year in the emerging, high-value segments of the IT industry are driven by our innovative technology, deep industry expertise and commitment to trust and security,” said Ginni Rometty, IBM chairman, president and chief executive officer.  “Our leadership in the technology and services that deliver hybrid cloud, AI, blockchain, analytics and security has helped drive our overall performance, and is helping our clients unleash the full business value of these innovations.”

Written by turbotodd

October 16, 2018 at 4:45 pm

IBM 1Q18 Earnings: EPS Beats @ $2.45

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IBM’s 1Q18 earnings were just announced, and beat estimates on EPS of $2.42 per share at $2.45, and revenue at $19.1 billion (vs. estimates of $18.84 billion).

CNBC’s report highlights:

Last quarter, IBM announced revenue growth from the year-ago quarter for the first time in more than five years. That streak is now continuing for a second quarter.

But the company reaffirmed its previous guidance of $13.80 in earnings per share, excluding certain items, for the full year of 2018, while analysts polled by FactSet had expected $13.83 per share, according to Thomson Reuters.

Cantor Fitzgerald analysts led by Joseph Foresi said in a Friday note that they expect IBM to report gains from companies upgrading to IBM’s latest mainframe computer, the z14.

IBM continues to seek growth from its strategic imperatives, which include social, mobile, analytics and cloud. In the fourth quarter that group contributed 49 percent of all revenue, and the Cantor analysts expect that balance to be unchanged in the first quarter.

With respect to guidance, for the second quarter analysts expect IBM to forecast $3.05 in earnings per share, excluding certain items, on $19.9 billion in revenue, according to Thomson Reuters.

Written by turbotodd

April 17, 2018 at 3:19 pm

Posted in 2018, earnings, ibm

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A Bit More Blockchain

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Happy Thursday.

According to a story from Fortune (who were reporting a story from The Times of London), Twiter CEO Jack Dorsey is on the record saying that Bitcoin (despite the recent bubble) will come to replace all currencies.

“The world ultimately will have a single currency, the Internet will have a single currency. I personally believe that it will be Bitcoin.” But the timeline will be “probably over ten years, but it could go faster.”

Miners, start your computers (but watch that electricity bill!)

Meanwhile, also across the pond, the UK Chancellor of the Exchequer, Philip Hammond, was expected to announce a government “crypto assets task force,” along with a host of other fintech initiatives earlier today, according to a report in CoinDesk.

The initiative, part of the government’s larger Fintech Sector Strategy, “will help the U.K. to manage the risks around Cryptoassets, as well as harnessing the potential benefits of the underlying technology,” he said in the statement.

Back here in the U.S., Blockchain Capital, which is an investor in fintech companies like Coinbase and Ripple, has raised $150 million for its fourth fund. 

According to a story from Axios, this new fund appears to be the largest venture capital fund raised to focus exclusively on blockchain and cryptocurrency technologies.

So my logical question: Was the new round raised in Bitcoin or cash??!!

Inquiring minds want to know.

For those more interested in the crypto pick and shovel play, IBM Think this week in Vegas had a number of sessions focused on blockchain.  

If interested, check out this replay of IBM’s Jerry Cuomo, who lays out a number of actual blockchain use cases that do everything from save energy to cut food waste.

Written by turbotodd

March 22, 2018 at 2:45 pm

Posted in 2018, bitcoin, blockchain, ibm

Tagged with ,

IBM and Salesforce Strengthen Strategic Partnership

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IBM and Salesforce today announced an expansion of their strategic partnership, bringing together IBM Cloud and Watson services with Salesforce Quip and Salesforce Service Cloud Einstein to enable companies to connect with their customers and collaborate more effectively with deeper insights.

IBM and Salesforce Strengthen Strategic Partnership

With this expansion, Salesforce has named IBM a preferred cloud services provider and IBM has named Salesforce its preferred customer engagement platform for sales and service.

“Naming IBM as a Salesforce preferred cloud services provider demonstrates the power of the IBM Cloud to help companies fundamentally change the way they do business,” said Ginni Rometty, chairman, president and CEO, IBM. “This expanded partnership builds on the combined power of Watson and Einstein to help enterprises make smarter business decisions.”

“The success of our customers drives everything we do at Salesforce, including our strategic partnership with IBM,” said Marc Benioff, chairman and CEO, Salesforce. “The combination of IBM Cloud and Watson services with Salesforce Einstein and Quip will deliver even more innovation to empower companies to connect with their customers in a whole new way, leveraging the power of the cloud and AI.”

As a part of this extended strategic partnership, IBM will build new​IBM Watson​Quip Live Apps, bringing the power of Watson and Quip together. These interactive custom-built applications will be embedded directly into any Quip document to increase the effectiveness of sales teams across the lifecycle of an opportunity.

With ​Quip’s document creation and editing platform, customers are able to bring relevant content, for any project, into a centralized document, removing the need to toggle between multiple windows and apps to get work done.

Building on the first IBM and Service Cloud integration, the companies will bring together the power of IBM Watson and Service Cloud Einstein to deliver new AI-driven recommendations for next best actions.

Now, with AI driven predictive analytics, companies will be able to create personalized, customer-triggered interactions based on the latest call or messaging chat they had, to help build stronger connections with their customers.

Today’s news strengthens the partnership previously announced by IBM and Salesforce to deliver joint solutions that leverage the power of AI and enable companies to make smarter decisions, faster than ever before.

With more than 4,000 joint customers, the partnership has already helped companies, such as Autodesk, implement new Watson solutions to connect more deeply with their customers.

“There is a perfect marriage between Salesforce and IBM,” said Rachael Cotton, senior manager, machine assisted service engagement, Autodesk. “Salesforce is where many companies like Autodesk house enormous amounts of customer data, most of which goes untapped. Combining the AI power of Watson and IBM Cloud with insights from Salesforce has helped Autodesk better understand its customers and ultimately create a transformed customer experience.”

You can earn more about the new, expanded strategic partnership between IBM and Salesforce here: https://www.salesforce.com/campaign/ibm/

And more about how to surface data from IBM Watson Discovery in Salesforce with Salesforce Trailhead here: https://trailhead.salesforce.com/en/projects/surface-data-from-ibm-watson-discovery-in-salesforce

Written by turbotodd

January 19, 2018 at 8:38 am

Posted in 2018, AI, ibm, ibm watson, salesforce

IBM 4Q17 Earnings: Growth is Back

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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

IBM Breaks Records to Top U.S. Patent List for 25th Consecutive Year

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IBM inventors received a record 9,043 patents in 2017, marking the company’s 25th consecutive year of U.S. patent leadership and crossing the 100,000-patent milestone.

The new patents were granted to a diverse group of more than 8,500 IBM researchers, engineers, scientists, and designers in 47 different states and 47 countries.

For the past 25 years, IBM’s patent leadership has changed the way the world works with advancements critical to the modern era of computing,” said Ginni Rometty, IBM chairman, president and CEO. “Today, nearly half of our patents are pioneering advancements in AI, cloud computing, cybersecurity, blockchain and quantum computing – and all are aimed at helping our clients create smarter businesses.”

As more and more enterprises conduct business on the cloud, IBM inventors received in 2017 more than 1,900 cloud patents, including a patent for a system that uses unstructured data about world or local events to forecast cloud resource needs. The system can monitor data sources – including news feeds, network statistics, weather reports and social networks – to identify where and how cloud resources should be allocated to meet demand.

Another set of innovations helps solve one of artificial intelligence’s current limits: lack of personalization, which can hinder how AI communicates with people. Among the industry-leading 1,400 AI patents IBM inventors were granted in 2017 is a patent for a system that can help AI analyze and mirror a user’s speech patterns to improve communication between AI and humans.

IBM inventors also received 1,200 cybersecurity patents, including one for technology that enables AI systems to turn the table on hackers by baiting them into email exchanges and websites that expend their resources and frustrate their attacks. It could substantially reduce the security risks associated with “phishing” emails and other attacks.

IBM inventors also patented significant inventions in emerging areas like quantum computing, including a new way for improving a quantum computer’s ability to acquire and retain information – otherwise known as signal readout fidelity. This can lead to efficiency in the components necessary to build a quantum computing system.

Other patented innovations from IBM inventors in 2017 include:

  • A machine learning system designed to shift control between an autonomous vehicle and a human driver as needed, such as in an emergency.
  • A method that leverages blockchain technology to reduce the number of steps involved in settling transactions between multiple business parties, even those that are not trusted and might otherwise require a third-party clearinghouse to execute.
  • A technique that automatically elevates the security protection of a mobile device when it determines that device is located far from its owner and is likely under someone else’s control.

This year’s milestone builds on more than 105,000 U.S. patents granted to IBM from 1993 to 2017. IBM inventors have received patents for such transformative ideas as secure credit card transactions, guiding the visually-impaired using RFID, the world’s fastest supercomputers and earthquake detectors. https://www.research.ibm.com/patents/#patents-through-the-years

For more information about IBM’s patent and innovation leadership, see www.research.ibm.com/patents/ 

Written by turbotodd

January 9, 2018 at 10:05 am

Walmart, JD.com, IBM and Tsinghua University Launch a Blockchain Food Safety Alliance in China

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Walmart, JD.com, IBM, and Tsinghua University National Engineering Laboratory for E-Commerce Technologies announced today they will work together in a Blockchain Food Safety Alliance that will kick off with a collaboration designed to enhance food tracking, traceability and safety in China,  to achieve greater transparency across the food supply chain.

The four companies will work together to create a standards-based method of collecting data about the origin, safety and authenticity of food, using blockchain technology to provide real-time traceability throughout the supply chain.

This will encourage accountability and give suppliers, regulators and consumers greater insight and transparency into how food is handled, from the farm to consumers. This has traditionally been challenging due to complex and fragmented data sharing systems that are often paper-based and can be error-prone.

Walmart, JD, IBM and Tsinghua University will work with food supply chain providers and regulators to develop the standards, solutions and partnerships to enable a broad-based food safety ecosystem in China.

IBM will provide its IBM Blockchain Platform and expertise, while Tsinghua University will act as a technical advisor sharing its expertise in the key technologies and the China food safety ecosystem. IBM and Tsinghua will collaborate with Walmart and JD to develop, optimize and roll out the technology to suppliers and retailers that join the alliance.

As a world leader in global food safety, Walmart works closely with suppliers, regulators, industry partners and the research community around the world. In China, it invests heavily in food safety research through the Walmart Food Safety and Collaboration Center and has promoted food safety, both through its own supplier network, as well as working with JD, which has rich omni-channel food supply chain management experience. The two have been able to leverage JD’s expertise in the application of artificial intelligence (AI), blockchain, big data and other new technologies to protect consumers.

Following IBM and Walmart’s announcement in August of a new consortium to enhance food safety, this collaboration brings IBM’s blockchain food safety expertise to China. IBM, Walmart and Tsinghua University have piloted the use of blockchain to trace food items, including pork in China and mangoes in the U.S., as they move through the supply chain to store shelves. Recent testing by Walmart showed that applying blockchain reduced the time it took to trace a package of mangoes from the farm to the store from days or weeks to two seconds.

The collaboration is designed to help ensure brand owners’ data privacy while helping them integrate their online and offline traceability for food safety and quality management channels. Companies that join the alliance will be able to share information using blockchain technology, and plans include them being able to choose the standards-based traceability solution that best suits their needs and legacy systems. 

This will in turn bring greater transparency to the supply chain and introduce new technologies to the retail sector designed to create a safer food environment and enhance the consumer experience.

The insights gained from the work in China will shed light on how blockchain technology can help improve processes such as recalls and verifications and enhance consumer confidence due to greater transparency in China and around the world. 

Written by turbotodd

December 14, 2017 at 11:25 am

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