Sidebar

The IBM board of directors today declared a regular quarterly cash dividend of $1.63 per common share, payable June 10, 2020 to stockholders of record as of May 8, 2020.  Today’s dividend declaration represents an increase of $0.01 per common share.

Read more ...

IBM today announced additional information regarding its 2020 Annual Meeting of Stockholders.  As previously announced, the Annual Meeting will be held on Tuesday, April 28, 2020, at 10:00 a.m. EDT.

Due to the public health impact of COVID-19 (Coronavirus) and in the interest of complying with various public emergency orders and recommendations limiting travel and the conduct of business activity, we will no longer hold our 2020 Annual Meeting of Stockholders in-person in Louisville, Kentucky.  Instead, IBM will hold its Annual Meeting solely in a virtual meeting format and regrets that stockholders will not be able to attend the meeting in person. 

Read more ...

Policy-makers at a number of central banks around the world are seriously considering developing and issuing a central bank digital currency (CBDC), with a consumer-ready CBDC likely to arrive in the next five years. That is the key finding from a report from IBM and OMFIF, a central banking think tank.

Read more ...

Strong Performance by Red Hat Accelerates Cloud Revenue Growth

Highlights

Third Quarter:

  • GAAP EPS from continuing operations of $1.87
  • Operating (non-GAAP) EPS of $2.68
  • Net cash from operating activities of $15.4 billion and free cash flow of $12.3 billion, over the last 12 months
  • Debt reduced by $6.7 billion since the end of second quarter
  • Revenue of $18.0 billion, down 3.9 percent (down 0.6 percent adjusting for divested businesses and currency)
  • Revenue for Red Hat, up 19 percent (up 20 percent adjusting for currency), normalized for historical comparability
  • Revenue growth in Cloud & Cognitive Software and Global Business Services segments
    -- Cloud & Cognitive Software up 6 percent (up 8 percent adjusting for currency)
    --   Global Business Services up 1 percent (up 2 percent adjusting for currency)
  • Cloud revenue of $5.0 billion in the third quarter, up 11 percent (up 14 percent adjusting for divested businesses and currency)
    --   Cloud revenue of $20.0 billion over the last 12 months
Read more ...