Most improved is Systems, which includes Systems Hardware and Operating Systems Software led by the IBM Z, with revenues of US$3.0 billion, up 16% from Q4 2018. Global Technology Services, the pillar for Infrastructure and Cloud Services and Technology Support Services, contributed the next biggest share, with revenues of US$6.9 billion, although this is down 4.8% year-on-year. Across the whole of 2019, the segment also recorded a total revenue of US$23.2 billion, up from US$22.21 billion in 2018.Ĭomparatively, overall company revenue for 2019 is down three percent to US$77.15 billion from US$79.6 billion the year prior. Notably, this marks the first quarter that Cloud and Cognitive Software has brought in the most revenue out of all the segments. Red Hat, which IBM acquired in July 2019 for US$34 billion, was able to turn in a Q4 revenue of US$573 million, down year-on-year from US$863 million pre-acquisition. Ibm stock price nvda full#Undoubtedly, the company’s star performer in Q4 – and across the full year – was the Cloud and Cognitive Software segment, which includes Cloud and Data Platforms like the newly-acquired Red Hat Cognitive Applications and Transaction Processing Platforms, with revenues up 8.7% year-on-year to US$7.2 billion. ‘We ended 2019 on a strong note, returning to overall revenue growth in the quarter, led by accelerated cloud performance,’ said Ginni Rometty, IBM chairman, president and chief executive officer. In revenue, IBM made US$21.77 billion, also beating Refinitiv analysts’ earlier estimate of US$21.64 billion.Īcross the full 2019 fiscal year, non-GAAP EPS was US$12.81 on total revenue of US$77.1 billion, a decline of 3.1% year-over-year. The company recorded non-GAAP earnings of US$4.71 per share (EPS), versus a forecast of US$4.69 per share on Refinitiv. patents generated by a business (as of 2020) for 28 consecutive years.US computer hardware and service company IBM Corporation (NYSE: IBM) share price rallied over five percent in after hours trading on Tuesday (21 January), after beating analysts’ estimates in its Q4 2019 financial result. IBM is also a major research organization, holding the record for most annual U.S. IBM produces and sells computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. International Business Machines Corporation (IBM) is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 171 countries. Sector Professional, Scientific, and Technical ServicesĪbout International Business Machines Corp.Security name International Business Machines Corp.Industry Computer Systems Design Services.in applied mathematics from the University of California at San Diego. His deep knowledge of the technology landscape including cloud, security and software will be of immense value to IBM's board of directors." Al brings decades of experience as a technology manager and global investor. He is also a member of the board of directors of Nasdaq, Bank of New York Mellon and Public Service Enterprise Group.Īrvind Krishna, IBM chairman and chief executive officer, said: "I'm incredibly pleased that Al Zollar has joined the board at this pivotal point in IBM's growth trajectory. This followed a 34-year career where he held various leadership positions in IBM's software and systems groups. Since 2014, he has applied his expertise as a technology investor working with cloud-based technology providers, leading providers of enterprise security solutions and other technology and software-as-a-service companies. ARMONK, N.Y.The IBM (NYSE: IBM) board of directors has elected Al Zollar to the board, effective October 25, 2021.Īl Zollar, 67, a former director of Red Hat, brings deep technical knowledge and experience to the IBM board.
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