Now is the right time to create two market-leading companies focused on what they do best. IBM will also have more than 50% of its portfolio in recurring revenues. Watch the workforce skilling and resiliency webinar series. The IBM Simon Personal Communicator (simply known as IBM Simon) is a handheld, touchscreen PDA designed by International Business Machines (IBM), and manufactured by Mitsubishi Electric. Health new. Your trusted partner for business and technology challenges, including business continuity, remote workforces, virtual client engagement and more, Maintain business continuity IBM will host an investor webcast beginning at 8 a.m EDT, Thursday, October 8, 2020. Society new. Leveraging its long-term relationships with clients, IBM will continue to drive the innovation in hardware that enterprises rely on for their most mission-critical computing needs. At the same time, our managed infrastructure services business has established itself as the industry leader, with unrivaled expertise in complex and mission-critical infrastructure work. With tighter integration and focus on its open hybrid cloud and AI solutions, IBM will move from a company with more than half of its revenues in services to one with a majority in high-value cloud software and solutions. "Our multi-year transformation created the foundation for the open hybrid cloud platform, which we then accelerated with the acquisition of Red Hat. The Simon Personal Communicator was the first personal digital … The new company will be entirely focused on managing and modernizing client-owned infrastructures, a $500 billion market opportunity. ", "We have positioned IBM for the new era of hybrid cloud," said Ginni Rometty, IBM Executive Chairman. We integrate leading technology and IBM’s advanced R&D labs to transform your business into a digital enterprise. Support your rapidly growing network needs and build a foundation to adopt the latest technologies. ARMONK, N.Y., Oct. 8, 2020 /PRNewswire/ -- IBM (NYSE: IBM) announced today it will accelerate its hybrid cloud growth strategy to drive digital transformations for its clients. IBM Garage™ is a bold, comprehensive approach to innovation and transformation that brings designers and developers together with your business and IT stakeholders to quickly create and scale new ideas that can dramatically impact your business. NewCo will extend its leadership through increased investment in the next generation of transformational managed infrastructure services, with more opportunity for margin expansion, profit growth and cash generation. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements. These are all underpinned by the security, unmatched expertise in industry verticals, and deep commitment to open source innovation that clients expect from IBM. This platform facilitates the deployment of powerful AI capabilities to enable the power of data, application modernization services, and systems. IBM delivers business continuity and disaster recovery services that can support your business across environments — public cloud, private cloud and on-premises, traditional data center environments. “The strong performance of our cloud business, led by Red Hat, underscores the growing client adoption of our open hybrid cloud platform," said Arvind Krishna, IBM chief executive officer. Following separation, the companies together are initially expected to pay a combined quarterly dividend that is no less than IBM's pre-spin dividend per share. As a result, the final results and other disclosures for the 2020 third quarter may differ materially from this preliminary data. International Business Machines Corporation IBM is scheduled to release fourth-quarter 2020 results on Jan 21, 2021.The company’s fourth-quarter results are likely to … IBM’s cloud revenue has grown from 4 percent of total revenue in 2013 to 25 percent today. IBM today announced third-quarter 2020 earnings results. This preliminary financial data should not be viewed as a substitute for all financial statements prepared in accordance with U.S. GAAP. As part of this strategic acceleration, IBM is taking action to simplify and optimize its operating model for speed and growth. IBM is also continuing to consolidate its shared services. IBM will focus on its open hybrid cloud platform and AI capabilities. The separation is currently expected to be completed by the end of 2021. This simplified and focused operating model will support accelerated innovation for the hybrid cloud, and provide more flexibility to increase investment in growth areas. IBM's business, strategy and technology consultants help clients transform by modernizing their existing applications, and by building new AI-infused data analysis capabilities on the leading open hybrid cloud platform. Legal new. This focus will result in greater value, increased innovation, and faster execution for our clients. This platform allows clients to "write-once/run-anywhere," and enables a hybrid cloud approach that drives up to 2.5 times more value for clients than a public cloud-only solution. IBM's secure, mission-critical public cloud is designed to provide all required regulatory controls, and offers clients a foundation of open source software, security leadership, and enterprise-grade infrastructure. Media new. NewCo, the Leading Managed Infrastructure Services Company. For more information about IBM, visit ibm.com/news. Read the paper The result will be an enhanced financial profile with a clear trajectory for improved revenue and profit growth. experts and consultants redesigning processes, apps and cloud infrastructures, of the world’s largest banks are supported by IBM Services, cloud patents and 1,400 AI patents in a single year, of the world’s largest automotive companies are supported by IBM Services, Defend your business, maintain availability and recover quickly in the event of disruption. This creates two industry-leading companies, each with strategic focus and flexibility to drive client and shareholder value. We are the business and technology partners of choice. Any forward-looking statement in this release speaks only as of the date on which it is made. "IBM is laser-focused on the $1 trillion hybrid cloud opportunity," said Arvind Krishna, IBM Chief Executive Officer. Create a digital workplace that enables employees to work agilely, collaboratively, and securely–with access to specialized support mechanisms to address increased digital workplace issues. Transform talent management. Additionally, IBM will separate its Managed Infrastructure Services unit of its Global Technology Services division into a new public company ("NewCo"). IBM announces agreement to acquire Taos to boost its hybrid cloud consulting capabilities. IBM's unique full-stack capabilities and large ecosystem of partners and ISV's deliver innovation and enable clients to unlock the full value of the hybrid cloud and their data. Forward-looking statements are based on the company's current assumptions regarding future business and financial performance. press release services. Search for and read the latest Red Hat news and press releases about our products, services, team members, customers, partners, community activities, and much more. pressbox distribution managed distribution directly to optin media professionals. Enhance customer experience. Patricia Murphy "Separating the managed infrastructure services business creates a market-leading standalone company and further sharpens our focus on IBM…

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