IBM Archives - CFO

IBM Spinoff Kyndryl Launches With Cloud Hopes

IBM Spinoff Kyndryl Launches With Cloud Hopes

The IT services provider is looking to help clients shift to cloud platforms such as Microsoft Azure, Amazon Web Services, and Google Cloud.

By Matthew Heller | November 5, 2021

Data Breaches Cost Companies $4.24M Per Incident On Average

Data Breaches Cost Companies $4.24M Per Incident On Average

The new report also found that breaches cost over $1 million more on average when remote work was indicated as a factor in the event.

By Vincent Ryan | July 28, 2021

IBM Shares Dive As Revenue Woes Continue

IBM Shares Dive As Revenue Woes Continue

"The actions we are taking to focus on hybrid cloud and AI will take hold, giving us confidence we can achieve revenue growth in 2021.”

By Matthew Heller | January 22, 2021

Report: IBM To Cut 10,000 Jobs

Report: IBM To Cut 10,000 Jobs

The job cuts could affect about 20% of its staff in Europe. The United Kingdom and Germany would be the hardest hit, says Bloomberg.

By Vincent Ryan | November 25, 2020

IBM to Buy Software Company Instana

IBM to Buy Software Company Instana

The company said the move is part of its hybrid cloud and AI push.

By Lauren Muskett | November 18, 2020

IBM to Spin Off Infrastructure Unit

IBM to Spin Off Infrastructure Unit

The move allows it to focus on its hybrid cloud business.

By Lauren Muskett | October 8, 2020

IBM Beats Q2 Estimates, Sees Cloud Growth

IBM Beats Q2 Estimates, Sees Cloud Growth

“Our clients see the value of IBM’s hybrid cloud platform, based on open technologies, at a time of unprecedented business disruption."

By Matthew Heller | July 21, 2020

Tech Giants Sued Over Photos in Facial Recognition Database

Tech Giants Sued Over Photos in Facial Recognition Database

Microsoft, Amazon, and Google allegedly used pictures collected without consent to train their technologies.

By Lauren Muskett | July 15, 2020

IBM Discontinues Facial Recognition Technology

IBM Discontinues Facial Recognition Technology

Tech giant says it can't condone "racial profiling" or "mass surveillance."

By Vincent Ryan | June 9, 2020

IBM Sales Slump for Fifth Straight Quarter

IBM Sales Slump for Fifth Straight Quarter

“The company’s cloud business hasn’t been able to make up for declining sales in its services, hardware, and financing businesses."

By Matthew Heller | October 17, 2019

Red Hat Fires CFO Over Workplace Standards

Red Hat Fires CFO Over Workplace Standards

Eric Shander, who had been with the software firm since 2015, helped guide it through its acquisition by IBM.

By Matthew Heller | October 11, 2019

IBM, Chainyard Launch Blockchain Network for Suppliers

IBM, Chainyard Launch Blockchain Network for Suppliers

The new network increases efficiency and reduces fraud and error risk.

By Lauren Muskett | August 5, 2019

IBM Shares Down After Earnings Miss

Financial Reporting

IBM Shares Down After Earnings Miss

The company said its cloud revenue continued to grow.

By Lauren Muskett | April 17, 2019

IBM Posts First Annual Revenue Gain in 7 Years

Financial Performance

IBM Posts First Annual Revenue Gain in 7 Years

The 2018 revenue growth reflected "growing demand for our services and leadership solutions in hybrid cloud, AI, analytics, and security."

By Matthew Heller | January 23, 2019

IBM Sells Software Products to HCL for $1.8B

IBM Sells Software Products to HCL for $1.8B

The deal includes the Lotus Notes, Domino, and Portal products that were at one time major contributors to IBM's enterprise business.

By Matthew Heller | December 10, 2018