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Our investment in India will keep growing: IBM CEO Arvind Krishna Be it Cloud or artificial intelligence (AI), IT major IBM is bullish on the innovations coming out from its research and development (R and D) centres in India and the company will continue to invest more as the country aims to become a trillion dollar digital economy by 2026, its Chairman and CEO Arvind Krishna said here on Monday. AI adoption is steadily on the rise globally and India is well poised to lead the AI revolution and establish itself as an AI innovation garage of the world. &...
Our investment in India will keep growing: IBM CEO Arvind Krishna
Our investment in India will keep growing: IBM CEO Arvind Krishna
Source: Accord Fintech
29/08/2023 11:39:30 AM
Big Tech firms invest $235 mn in AI model repository Hugging Face Tech giants like Google, Amazon, Nvidia, Intel, IBM, Salesforce, Qualcomm and others have infused $235 million into Hugging Face, an open-source AI model repository similar to GitHub for programming. The latest Series D fundraising round brings Hugging Face’s valuation to $4.5 billion, reports CNBC. Investors in this round have invested significantly into various generative AI models of their own. The funds will be used “to grow the team currently at 170 and invest in mor...
Big Tech firms invest $235 mn in AI model repository Hugging Face
Big Tech firms invest $235 mn in AI model repository Hugging Face
Source: IANS
25/08/2023 11:08:40 AM
Prime Minister Narendra Modi promises 50% financial support to firms investing in semiconductor sector   Prime Minister Narendra Modi on Friday promised 50 per cent financial assistance to players wishing to set up semiconductor manufacturing facility in the country. Now technology firms will be given 50 per cent financial assistance to set up semiconductor manufacturing facilities in India, he said, adding, “We are continuously carrying out policy reforms to accelerate the growth of the country's semiconductor sector” He was addressing a gathering after inaugurat...
Prime Minister Narendra Modi promises 50% financial support to firms investing in semiconductor sector
Prime Minister Narendra Modi promises 50% financial support to firms investing in semiconductor sector
Source: IANS
28/07/2023 2:32:16 PM
Skillsoft Expands Technology Skilling Solution As 80% Of C-Suite It Leaders Report Workforce Skills Gaps Skillsoft (NYSE: SKIL), a leading platform for transformative learning experiences, today announced significant enhancements to its technology skilling solution, now branded as Codecademy. Through an expanded content library of over 6,000 courses covering the most in-demand technology skills, new interactive learning and practice formats, and access to more than 500 Skill Benchmarks to assess, index, and track workforce skills development, Skillsoft’s enhanced Codecademy enterprise solu...
Skillsoft Expands Technology Skilling Solution As 80% Of C-Suite It Leaders Report Workforce Skills Gaps
Skillsoft Expands Technology Skilling Solution As 80% Of C-Suite It Leaders Report Workforce Skills Gaps
Source: PR Agency
19/07/2023 12:08:31 PM
Global accounting firms set up shop in India`s smaller cities  The world's major accounting firms are stepping up investments in new Indian facilities away from bigger cities as global demand for cheaper back office operations grows and smaller towns move up the economic value chain. For decades, large multinational corporations have rushed to India's biggest metropolises, chiefly Mumbai, Delhi and Bengaluru, to set up massive operational centres that employ millions, lured by vast, low-cost talent pools, particularly in IT. Business ...
Global accounting firms set up shop in India`s smaller cities
Global accounting firms set up shop in India`s smaller cities
Source: Reuters
12/07/2023 9:57:21 AM
Commonwealth Hub for Business of Governments established at MDI The Commonwealth Hub for Business of Governments became a reality on July 1, when Daniel Chenok, Executive Director of the IBM Center for the Business of Government based in Washington, DC, signed an MoU with the Management Development Institute (MDI), represented by its Director, Prof. Sangeeta Bharadwaj. This Hub represents a partnership between the Commonwealth Secretariat, IBM Center for the Business of Government and MDI. The agreement between IBM Center and MDI was signed on July 1, ...
Commonwealth Hub for Business of Governments established at MDI
Commonwealth Hub for Business of Governments established at MDI
Source: IANS
3/07/2023 1:51:52 PM
IBM acquires Apptio for $4.6 bn in all-cash deal  Tech major IBM on Monday announced it is acquiring Apptio, a leader in financial and operational IT management and optimisation (FinOps) software, for $4.6 billion in an all-cash deal. The acquisition will accelerate the advancement of IBM's IT automation capabilities and enable enterprise leaders to deliver enhanced business value across technology investments.  IBM CEO and Chairman Arvind Krishna said that Apptio's offerings combined with IBM's IT automation sof...
IBM acquires Apptio for $4.6 bn in all-cash deal
IBM acquires Apptio for $4.6 bn in all-cash deal
Source: IANS
26/06/2023 6:50:25 PM
IBM achieves new breakthrough in quantum computing Tech major IBM has announced a new breakthrough in quantum computing, demonstrating for the first time that quantum computers can produce accurate results at a scale of more than 100 qubits reaching beyond leading classical supercomputing. In their experiment, published in Nature, IBM team demonstrated that it is possible for a quantum computer to outperform leading classical simulations by learning and mitigating errors in the system. The team used the IBM Quantum 'Eagle' quant...
IBM achieves new breakthrough in quantum computing
IBM achieves new breakthrough in quantum computing
Source: IANS
15/06/2023 12:55:46 PM
From IBM Security to Noventiq: The Most Trusted Cybersecurity Brands Using AI to Combat Emerging Threats In today's interconnected world, cybersecurity has become more critical than ever before. With the rise of sophisticated cyber threats, organizations and individuals need robust solutions to safeguard their data and digital assets. Artificial Intelligence (AI) has emerged as a powerful tool in the fight against these evolving threats. In this listicle, we present the most trusted cybersecurity brands that are effectively utilizing AI to combat emerging threats. IBM Security: IBM Sec...
From IBM Security to Noventiq: The Most Trusted Cybersecurity Brands Using AI to Combat Emerging Threats
From IBM Security to Noventiq: The Most Trusted Cybersecurity Brands Using AI to Combat Emerging Threats
Source: PR Agency
14/06/2023 11:36:56 AM
Vedanta appoints 34-year industry veteran for its semiconductor business in India Vedanta-Foxconn Semiconductors Limited (VFSL), a joint venture between Foxconn and Vedanta Group, has appointed Mike Young as Senior Vice President, Project Management Office and Manufacturing Operations. In this role, Mike will oversee the seamless execution of manufacturing and operational processes as VFSL looks at setting up a state-of-the-art semiconductor fab in India. "Mike Young brings with him 34 years of extensive experience in front-end semiconductor manufacturing across...
Vedanta appoints 34-year industry veteran for its semiconductor business in India
Vedanta appoints 34-year industry veteran for its semiconductor business in India
Source: IANS
25/05/2023 5:27:17 PM
IBM to invest $100 mn to build a 100,000-qubit supercomputer by 2033 Tech major IBM on Sunday announced a $100 million collaboration with the University of Tokyo and the University of Chicago to develop a quantum-centric supercomputer powered by 100,000 qubits by 2033. According to the company, a 100,000-qubit system would serve as a foundation to address some of the world's most pressing problems that even the most advanced supercomputers of today may never be able to solve. "We have achieved significant progress along our roadmap and mission t...
IBM to invest $100 mn to build a 100,000-qubit supercomputer by 2033
IBM to invest $100 mn to build a 100,000-qubit supercomputer by 2033
Source: IANS
22/05/2023 10:42:10 AM
IBM confirms acquisition of Polar Security reportedly for $60 mn Software giant IBM has acquired automated cloud data security and compliance provider Polar Security for an undisclosed sum. Reports claimed that the deal was valued at about $60 million. Founded in January 2021, Polar Security is a pioneer of data security posture management (DSPM), an emerging cybersecurity segment that reveals where sensitive data is stored, who has access to it, how it's used, and identifies vulnerabilities. IBM said it plans to integrate Polar Security's DS...
IBM confirms acquisition of Polar Security reportedly for $60 mn
IBM confirms acquisition of Polar Security reportedly for $60 mn
Source: IANS
17/05/2023 9:59:14 AM
IBM introduces Quantum-safe tech to safeguard key enterprise, government data Tech major IBM on Wednesday announced a comprehensive set of tools and capabilities to provide end-to-end quantum-safe technology for organisations, including governmental agencies, and secure their key data. The company announced 'Quantum Safe Explorer' to enable organisations to scan source and object code to locate cryptographic assets, dependencies, vulnerabilities and to build a Cryptography Bill of Materials (CBOM). This allows teams to view and aggregate potential risks i...
IBM introduces Quantum-safe tech to safeguard key enterprise, government data
IBM introduces Quantum-safe tech to safeguard key enterprise, government data
Source: IANS
10/05/2023 5:36:00 PM
India poised to become AI innovation garage of the world: IBM's Sandip Patel Artificial intelligence (AI) adoption is steadily on the rise globally and India is well poised to lead the AI revolution and establish itself as an AI innovation garage of the world, Sandip Patel, Managing Director, IBM India and South Asia, said here on Thursday. Over the past two years, AI has helped businesses ease the strain of workforce dislocation, supply chain challenges, IT incidents and customer service interruptions, etc. According to IBM's 'Global AI Adoption Index 2...
India poised to become AI innovation garage of the world: IBM's Sandip Patel
India poised to become AI innovation garage of the world: IBM's Sandip Patel
Source: IANS
8/12/2022 3:26:52 PM
Karnataka launches AI-powered portal to boost employment, investment As part of its efforts to boost employment opportunities, Karnataka has set up an AI-powered portal that will act as a comprehensive marketplace for students, industries, academic institutions, and trainers to get together and collaborate in several ways. The Karnataka Skill Development Corporation (KSDC), in association with the Karnataka Digital Economy Mission (KDEM) on Thursday launched the Karnataka Skill Connect Portal (KSCP), an integrated web platform connecting the entire talent e...
Karnataka launches AI-powered portal to boost employment, investment
Karnataka launches AI-powered portal to boost employment, investment
Source: IANS
2/12/2022 10:07:38 AM
Reliance Industries ranked 20th in the world, highest among Indian companies in World`s Best Employers rankings Reliance Industries has been ranked highest amongst Indian companies in the list of Forbes World's Best Employers for 2022. RIL is ranked 20th in the world and the highest among Indian companies ahead of HDFC Bank at 137. Samsung was at the top spot in the ranking of World's Best Employers followed by Microsoft, IBM, Alphabet, Apple, Delta Airlines, Costco, Adobe, Southwest Airlines and Dell Technologies in the top ten, Reliance Industries with 2.3 lakh employees, is ranked 2...
Reliance Industries ranked 20th in the world, highest among Indian companies in World`s Best Employers rankings
Reliance Industries ranked 20th in the world, highest among Indian companies in World`s Best Employers rankings
Source: IANS
7/11/2022 9:20:23 AM
India's mineral output registers cumulative growth of 4.2% in first five months of current fiscal Indian Bureau of Mines (IBM) in its provisional data has showed that the country's mineral output registered a cumulative growth of 4.2 per cent in the first five months of this fiscal compared to the year-ago period. However, it also showed the index of mineral production of mining and quarrying sector during August was at 99.6, which was 3.9 per cent lower as compared to the level in August last year.  The output of important minerals in August includes coal 580 lakh tonnes, lig...
India's mineral output registers cumulative growth of 4.2% in first five months of current fiscal
India's mineral output registers cumulative growth of 4.2% in first five months of current fiscal
Source: Accord Fintech
20/10/2022 11:43:40 AM
Mineral production index in July fell 3.3% YoY  The index of mineral production for the mining and quarrying sector for July 2022 stood at 101.1, which was 3.3 per cent lower compared to that recorded in the corresponding period of last year. According to the provisional statistics of Indian Bureau of Mines (IBM), the cumulative growth for the April-July of the current fiscal was up by 6.1 per cent compared to the corresponding period of last year. Production of coal stood at 603 lakh tonnes in July 2022, while that of lignite ...
Mineral production index in July fell 3.3% YoY
Mineral production index in July fell 3.3% YoY
Source: IANS
22/09/2022 9:42:31 AM
Hybrid Cloud is our contribution to the digital world: IBM India head  As Indian organisations of all sizes fasten their journey to digital transformation, they will need a Hybrid Cloud infrastructure that is open by design, avoids vendor lock-in and affords seamless interoperability and portability between environments. Here, IBM is their natural choice as "Hybrid Cloud is our contribution to the world", said Sandip Patel, Managing Director, IBM India/South Asia. In a free-wheeling interview with IANS, Patel said that as organisations progres...
Hybrid Cloud is our contribution to the digital world: IBM India head
Hybrid Cloud is our contribution to the digital world: IBM India head
Source: IANS
19/09/2022 4:34:18 PM
Moonlighting not ethically right for full-time employees: IBM Amid the brouhaha over moonlighting in India, Cloud Major IBM on Wednesday made it clear that the practice is not ethical and the company does not promote such behaviour at workplace. Sandip Patel, Managing Director, IBM India, said that the company's position is exactly that of the overall industry in the country. "All of our workers when they are employed, they sign an agreement which says that they are going to be working full-time for IBM. So moonlighting is not ethically r...
Moonlighting not ethically right for full-time employees: IBM
Moonlighting not ethically right for full-time employees: IBM
Source: IANS
14/09/2022 2:12:43 PM
IBM, Airtel join hands to power Indian enterprises in 5G era  As India prepares for the 5G roll-out, Cloud major IBM and Bharti Airtel announced to deploy Airtels edge computing platform in the country, which will include 120 network data centres across 20 cities. To begin with, Airtel edge computing platform backed by IBM Cloud Satellite will power Maruti Suzuki's initiatives to streamline plant productivity and quality operations. "As India gears up to experience 5G, we see a massive opportunity to help businesses across industrie...
IBM, Airtel join hands to power Indian enterprises in 5G era
IBM, Airtel join hands to power Indian enterprises in 5G era
Source: IANS
14/09/2022 12:44:28 PM
Single data breach now costs nearly Rs 17.5 cr in India: Study  The estimated average cost of a data breach in India went up to an all-time high of Rs 17.5 crore in 2022 -- a 6.6 per cent increase from last year, a new study showed on Wednesday. The average cost has climbed 25 per cent from Rs 1.4 crore in 2020. Moreover, India's average per record cost of a data breach in 2022 reached Rs 6,100, a 3.3 per cent increase from Rs 5,900 in 2021, according to the 'Cost of Data Breach Report 2022' by tech major IBM. Top three industri...
Single data breach now costs nearly Rs 17.5 cr in India: Study
Single data breach now costs nearly Rs 17.5 cr in India: Study
Source: IANS
27/07/2022 1:41:04 PM
India`s Mineral Production Up By 10.9% in May The index of mineral production of mining and quarrying sector for the month of May, 2022 (Base: 2011-12=100) at 120.1, was 10.9% higher as compared to the level in the month of May, 2021. The cumulative growth for the period April- May, 2022-23 over the corresponding period of previous year has increased 9.4 percent. As per the provisional figures of Indian Bureau of Mines (IBM) , production level of important minerals in May, 2022 were: Coal 712 lakh tonnes, Lignite 42 lakh tonnes, Natur...
India`s Mineral Production Up By 10.9% in May
India`s Mineral Production Up By 10.9% in May
Source: Dion Global Solutions Ltd
19/07/2022 4:28:16 PM
IBM beats quarterly revenue estimates, warns of $3.5 billion forex hit -IT hardware and services company IBM Corp beat quarterly revenue expectations on Monday but warned the hit from forex for the year could be about $3.5 billion due to a strong dollar. A hawkish Federal Reserve and heightened geopolitical tensions have driven gains in the dollar against a basket of currencies over the last year, prompting companies with sizeable international operations, including Microsoft and Salesforce, to temper expectations. Shares of IBM pared losses and were down ...
IBM beats quarterly revenue estimates, warns of $3.5 billion forex hit
IBM beats quarterly revenue estimates, warns of $3.5 billion forex hit
Source: Reuters
19/07/2022 8:36:16 AM
Adobe hires Salesforce's Venu Juvvala to lead India digital experience biz Sotfware major Adobe on Monday announced the appointment of Venu Juvvala as Head of Digital Experience Business for the Indian market. Juvvala, who joins Adobe from Salesforce, will report to Prativa Mohapatra, Vice-President and Managing Director, Adobe India. "He brings a wealth of multi-sectoral knowledge and industry relationships and has a proven track record for leading high-performance teams and transforming some of the most prominent businesses in the country," said Mo...
Adobe hires Salesforce's Venu Juvvala to lead India digital experience biz
Adobe hires Salesforce's Venu Juvvala to lead India digital experience biz
Source: IANS
11/07/2022 5:14:22 PM
IBM acquires Databand.ai to boost data observability biz  Tech company IBM on Wednesday announced it has acquired Databand.ai, an Israel-based data observability software provider that helps organisations fix issues with their data, for an undisclosed sum. This is IBM's fifth acquisition in 2022 as the company continues to bolster its hybrid cloud and AI skills and capabilities. IBM has acquired more than 25 companies since Arvind Krishna became CEO in April 2020. "With the addition of Databand.ai, IBM offers the most compreh...
IBM acquires Databand.ai to boost data observability biz
IBM acquires Databand.ai to boost data observability biz
Source: IANS
7/07/2022 8:54:48 AM
Indian data centre market to see up to Rs 1.20 lakh cr investment in 5 yrs The Indian data centre market is likely to add 3,900-4,100 MW of capacity with Rs 1.05-Rs 1.20 lakh crore as investment in the next five years, a new report showed on Tuesday. Larger hyper-scaler companies like Amazon Web Services, Google, Microsoft, Facebook, IBM, Uber and Dropbox etc are outsourcing their storage needs to third-party data centre providers. To cater to the increasing demand, Indian corporates like the Hiranandani Group, Adani Group; foreign investors viz. Amazon, EdgeC...
Indian data centre market to see up to Rs 1.20 lakh cr investment in 5 yrs
Indian data centre market to see up to Rs 1.20 lakh cr investment in 5 yrs
Source: IANS
24/05/2022 1:37:56 PM
IBM sells its Watson healthcare assets to Francisco Partners IBM has announced to sell healthcare data and analytics assets from the company (currently part of the IBM Watson Health business) to Francisco Partners, a leading global investment firm. Although financial terms of the transaction were not disclosed but previous reports pegged the value at around $1 billion. The assets acquired by Francisco Partners include extensive and diverse data sets and products, including Health Insights, MarketScan, Clinical Development, Social Program Manageme...
IBM sells its Watson healthcare assets to Francisco Partners
IBM sells its Watson healthcare assets to Francisco Partners
Source: IANS
22/01/2022 1:47:28 PM
IBM acquires emissions data company Envizi Tech major IBM has acquired Envizi, a leading data and analytics software provider for environmental performance management, for an undisclosed sum. Envizi's software automates the collection and consolidation of more than 500 data types and supports major sustainability reporting frameworks. By using Envizi with IBM's broader AI-powered software, companies will be able to automate the feedback generated between their corporate environmental initiatives and the operational endpo...
IBM acquires emissions data company Envizi
IBM acquires emissions data company Envizi
Source: IANS
12/01/2022 5:17:51 PM
IBM likely to sell Watson Health for $1 bn: Report Tech giant IBM could reportedly be looking to sell the Watson Health division for more than $1 billion, media reports say. According to Axios, IBM spent more than $4 billion to build Watson Health via a series of acquisitions. The business now includes health care data and analytics business Truven Health Analytics, population health company Phytel and medical imaging business Merge Healthcare. IBM first explored a sale of the division in early 2021, with Morgan Stanley leading the p...
IBM likely to sell Watson Health for $1 bn: Report
IBM likely to sell Watson Health for $1 bn: Report
Source: IANS
9/01/2022 4:26:30 PM
Key News - IBM, Oar Network, Oil and Natural Gas Corporation Ltd, Cairn Energy By ARETE Securities Key News IBM expands presence in Telangana with new BPO unit at Hyderabad IBM today announced that it has set up a new facility offering clients Business Process Operations consulting from IBM Consulting in Hyderabad, Telangana in India. The expansion is aligned to its global double-digits hiring strategy across its global delivery network. Currently, the India footprint of Business Process Operations from IBM Consulting covers Bengaluru, Gurugram, Noida, Chennai, Pune, Mysuru and Mumb...
Key News - IBM, Oar Network, Oil and Natural Gas Corporation Ltd, Cairn Energy By ARETE Securities
Key News - IBM, Oar Network, Oil and Natural Gas Corporation Ltd, Cairn Energy By ARETE Securities
Source: ARETE Securities Ltd
16/11/2021 9:31:41 AM
Puravankara inches up on inking pact with IBM Global Business Services Puravankara is currently trading at Rs. 139.60, up by 0.90 points or 0.65% from its previous closing of Rs. 138.70 on the BSE. The scrip opened at Rs. 142.90 and has touched a high and low of Rs. 142.90 and Rs. 139.20 respectively. So far 9814 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 144.65 on 06-Oct-2021 and a 52 week low of Rs. 42.35 on 02-Nov-2020. Last one week high and low of the scrip stood at Rs. 1...
Puravankara inches up on inking pact with IBM Global Business Services
Puravankara inches up on inking pact with IBM Global Business Services
Source: Accord Fintech
8/10/2021 10:04:08 AM
IBM working to set up software lab in Kochi  IBM on Wednesday announced that it is working to set up a software lab in Kochi, during a discussion between Kerala Chief Minister Pinarayi Vijayan, Sandip Patel, Managing Director, IBM India, and Gaurav Sharma, Vice-President, IBM India Software Labs. The three discussed the role of technology in accelerating the digital mission in the state. During the virtual meeting, Vijayan shared his vision of making Kerala a digital knowledge economy, the changes introduced in the IT policy...
IBM working to set up software lab in Kochi
IBM working to set up software lab in Kochi
Source: IANS
5/08/2021 11:05:42 AM
IBM announces Lingraju Sawkar as India President of Kyndryl  Lingraju Sawkar will be the India President of Kyndryl, the independent public company that will be created following the separation of IBM's Managed Infrastructure Services business, the company announced on Thursday. Kyndryl designs, runs and manages the most modern, efficient and reliable technology infrastructure with the industry's most experienced services experts. Its previously announced separation is expected to occur by the end of 2021 and Sawkar's appointmen...
IBM announces Lingraju Sawkar as India President of Kyndryl
IBM announces Lingraju Sawkar as India President of Kyndryl
Source: IANS
2/07/2021 10:48:24 AM
GlobalFoundries seeks ruling in IBM contract dispute  Semiconductor manufacturer GlobalFoundries on Monday sued International Business Machines Corp, asking a judge to rule that it did not violate a contract with the U.S. company which claims it is owed $2.5 billion in damages. IBM has accused GlobalFoundries, which is owned by Abu Dhabi's state-owned fund Mubadala, of failing to continue making chips for IBM, according to a filing by GlobalFoundries with the state court in New York. GlobalFoundries purchased IBM's semiconduc...
GlobalFoundries seeks ruling in IBM contract dispute
GlobalFoundries seeks ruling in IBM contract dispute
Source: Reuters
8/06/2021 9:30:57 AM
IBM to acquire Salesforce partner Waeg BERLIN  - IBM said on Tuesday it would buy Waeg, a consulting partner for Salesforce, in a deal that will extend its range of services and support its hybrid cloud and artificial intelligence strategy. The deal to acquire Waeg, which is based in Brussels and serves clients across Europe, complements IBM's acquisition in January of 7Summits, a U.S. consultancy that specialises in Salesforce's customer management software. "Waeg’s strength in Salesforce consulting ...
IBM to acquire Salesforce partner Waeg
IBM to acquire Salesforce partner Waeg
Source: Reuters
18/05/2021 4:43:28 PM
IBM to acquire enterprise software firm Turbonomic for up to $2B Tech giant IBM has announced to acquire US-based enterprise software company Turbonomic, a deal that according to media reports could be worth up to $2 billion. With the acquisition of Turbonomic, IBM will help companies overcome the high costs associated with managing performance and availability for multiple applications sharing an increasingly complex hybrid cloud environment. "IBM continues to reshape its future as a hybrid cloud and AI company," said Rob Thomas, Senior Vi...
IBM to acquire enterprise software firm Turbonomic for up to $2B
IBM to acquire enterprise software firm Turbonomic for up to $2B
Source: IANS
30/04/2021 12:02:27 PM
IBM Hybrid Cloud to help Parle Products drive growth IBM on Thursday said that FMCG company Parle Products will leverage its transformative hybrid cloud and AI capabilities to drive growth. Parle will migrate SAP workloads to IBM Cloud to gain flexibility and scale to help meet increasing consumer needs and IBM to work with Parle to design and manage AI-based supply chain based on its consulting and capabilities. "By working with IBM to accelerate our journey to the cloud and strengthen our security posture, we will work to uncover n...
IBM Hybrid Cloud to help Parle Products drive growth
IBM Hybrid Cloud to help Parle Products drive growth
Source: IANS
22/04/2021 1:53:09 PM
IBM quarterly sales growth highest in over two years on cloud strength International Business Machines Corp recorded highest quarterly sales growth in more two years and beat Wall Street targets on Monday, boosted by its bets in the high-margin cloud computing business. Shares of the Dow component, which have gained nearly 6% so far this year, were up more than 3% in extended trading. Finance chief James Kavanaugh said cloud spending by clients in retail, manufacturing and travel industries in the United States was picking up after the initial pandemic-dri...
IBM quarterly sales growth highest in over two years on cloud strength
IBM quarterly sales growth highest in over two years on cloud strength
Source: Reuters
20/04/2021 9:46:49 AM
IBM eyes India's public sector for Hybrid Cloud growth In a bid to empower the public sector enterprises in India, tech company IBM on Tuesday announced it has achieved a full cloud service provider (CSP) empanelment from the Ministry of Electronics and IT (MeiTY). The company said that the MeitY empanelment will enable the Indian public sector tap into the industry's most secure and open cloud platform to drive innovation and growth. "Indian public sector can now access the industry's most secure and open cloud platform to dri...
IBM eyes India's public sector for Hybrid Cloud growth
IBM eyes India's public sector for Hybrid Cloud growth
Source: IANS
2/03/2021 12:16:37 PM
IBM may sell its $1B Watson Health business: Report IBM is mulling to sell its Watson Health business that is generating nearly $1 billion in annual revenue but is not profitable. The Wall Street Journal reported that IBM is exploring a potential sale of its Watson Health business, as CEO Arvind Krishna "moves to streamline the company and become more competitive in cloud computing". "Watson was one of IBM's highest-profile initiatives in recent years and a big bet on the growing healthcare sector, though results disap...
IBM may sell its $1B Watson Health business: Report
IBM may sell its $1B Watson Health business: Report
Source: IANS
20/02/2021 9:56:11 AM
IBM commits net zero greenhouse gas emissions by 2030  Tech giant IBM has announced that it will achieve net zero greenhouse gas emissions by 2030, by prioritising actual reductions in its emissions, energy efficiency efforts and increased clean energy use in more than 175 countries where it operates. IBM said that it will reduce its greenhouse gas emissions 65 per cent by 2025 against the base year 2010. "The climate crisis is one of the most pressing issues of our time. IBM's net zero pledge is a bold step forward that stre...
IBM commits net zero greenhouse gas emissions by 2030
IBM commits net zero greenhouse gas emissions by 2030
Source: IANS
17/02/2021 10:57:00 AM
IBM CEO Arvind Krishna reiterates intent to expand operations in India  Stressing that tech giant IBM has an incredible focus on India, its CEO Arvind Krishna on Tuesday reiterated that the company is on the path to expand its operations and services in the country. IBM currently employs 380,000 people serving clients in 170 countries and India has the highest number of IBMers outside of the US -- a key research and innovation hub for the tech giant that set up its first office in the country almost 26 years back. "We have a lot of collaborat...
IBM CEO Arvind Krishna reiterates intent to expand operations in India
IBM CEO Arvind Krishna reiterates intent to expand operations in India
Source: IANS
17/02/2021 8:56:21 AM
`Anywhere` workforce now a top challenge for many Indian CEOs With Covid-19 disrupting the world of work, "anywhere" workforce has now emerged as a top challenge until 2023 for many Indian CEOs, said an IBM study on Friday. Half of outperforming company CEOs surveyed globally and 35 per cent in India said managing a remote "anywhere" workforce is a top leadership challenge over the next few years. The majority of CEOs surveyed in India see technological factors, market factors and regulatory concerns among the most important ex...
`Anywhere` workforce now a top challenge for many Indian CEOs
`Anywhere` workforce now a top challenge for many Indian CEOs
Source: IANS
5/02/2021 3:48:04 PM
IBM revenue disappoints as software sales mark rare decline IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in its software unit as clients shied away from longer-term deals due to pandemic-induced economic uncertainty. The 109-year-old firm is preparing to split itself into two public companies and the namesake firm will focus on the so-called hybrid cloud, where companies use a combination of their own datacenters and leased resources to manage and process data. Revenue from its cloud-compu...
IBM revenue disappoints as software sales mark rare decline
IBM revenue disappoints as software sales mark rare decline
Source: Reuters
23/01/2021 11:50:30 AM
IBM revenue disappoints as software sales mark rare decline  IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in its software unit as clients shied away from longer-term deals due to pandemic-induced economic uncertainty. The 109-year-old firm is preparing to split itself into two public companies and the namesake firm will focus on the so-called hybrid cloud, where companies use a combination of their own datacenters and leased resources to manage and process data. Revenue from its cloud...
IBM revenue disappoints as software sales mark rare decline
IBM revenue disappoints as software sales mark rare decline
Source: Reuters
22/01/2021 9:56:35 AM