IBM's technology coupled with the EY organization's deep domain experience reimagines the role of artificial intelligence in the evolving tax compliance landscapeARMONK, N.Y. and NEW YORK, May 1, 2025 /PRNewswire/ -- IBM (NYSE: IBM) and the EY organization continue to build upon their multiyear alliance, today announcing the availability of EY.ai for tax, built with IBM watsonx. The alliance couples watsonx, IBM's portfolio of artificial intelligence (AI) technologies, with the EY organization's deep domain ...

International Business Machines Corporation (IBM) has extended its multi-year partnership with Microsoft Corporation (MSFT) by establishing a new Microsoft Practice within IBM Consulting. Leveraging the combined strengths of both companies, the collaboration aims to develop innovative offerings and industry-specific solutions across various verticals such as retail, consumer packaged goods, government, financial services and supply chain. Complementing IBM Copilot Runway and IBM Consulting Azure OpenAI Serv ...

Core Insights - IBM and Scuderia Ferrari HP have launched a reimagined mobile app aimed at enhancing the experience for the global fanbase of nearly 400 million Tifosi [1][2] - The app features AI-powered functionalities, including Race Centre, Italian language support, race summaries, and fan polls, designed to provide a more immersive experience [2][5] - Continuous updates and new features will be rolled out throughout 2025 to deepen fan engagement and connection with the Scuderia Ferrari HP team [3][5] Company and Industry Developments - The app incorporates IBM's watsonx technology to deliver personalized and interactive experiences for fans year-round [3][4] - New features include AI-generated race summaries, post-race insights, historical data comparisons, fan messaging capabilities, and interactive polls [6][7] - The collaboration between IBM and Ferrari emphasizes a shared commitment to innovation and excellence, aiming to create a digital experience that reflects the Ferrari brand [4][7]

Tech stock IBM (NYSE:IBM), otherwise known as International Business Machines Corporation, is up 0.7% at $241.10 today. The stock is up 9.7% since the start of the year -- hitting a record high in mid-March -- but is having a tough time staging a meaningful breakout back over the $243 region. A short-term rally could be in the works though, given that the stock is flashing a historically bullish signal.  The shares are within one standard deviation of their 126-day moving average (representing half a year o ...

Financial Performance and Key Metrics - In 2024, IBM generated $62.8 billion in revenue, growing 3% at constant currency, and delivered $12.7 billion in free cash flow, up $1.5 billion from the previous year [14] - The operating gross profit margin expanded by 130 basis points, driven by demand for high-value offerings and a focus on productivity [14] Business Line Performance - Software revenue grew by 9% at constant currency, supported by strong momentum in data and AI, automation, transaction processing, and security [15] - Consulting revenue increased by 1% at constant currency, reflecting sustained demand for AI deployment and digital transformation [15] - Infrastructure revenue declined by 3% due to the product cycle, although the IBM Z16 mainframe program achieved record client adoption and workload scale [15] Market Data and Key Metrics - More than 90% of Fortune 500 companies utilize IBM's hybrid cloud offerings, indicating strong market penetration [19] - The generative AI book of business has grown to over $5 billion, showcasing IBM's commitment to AI solutions [18] Company Strategy and Industry Competition - IBM is focusing on artificial intelligence and hybrid cloud as the two most transformative technologies, aiming to provide enterprise-grade solutions that are efficient and cost-effective [16][17] - The company emphasizes a client zero philosophy, using its own technology internally to drive automation and efficiency [22] Management's Comments on Operating Environment and Future Outlook - The management acknowledges the uncertainty in the macro environment but believes IBM's diverse portfolio positions it well for future challenges [35] - The company maintains its full-year guidance for accelerating revenue growth to over 5% and approximately $13.5 billion in free cash flow [39] Other Important Information - IBM has increased its dividend for 29 consecutive years, reflecting its commitment to returning value to shareholders [14] - The stockholder proposal for transparency in lobbying did not receive a majority of votes cast [25] Q&A Session Summary Question: Update on IBM's AI strategy - The AI landscape is evolving, moving towards smaller, open, and fine-tuned models that deliver real business value, which aligns with IBM's focus [27][28] - IBM's Granite model family continues to evolve, emphasizing purpose-built AI for business applications [29] Question: Quantum computing strategy - IBM is recognized as the industry leader in utility-scale quantum computing, with significant advancements in hardware and software [31][32] - The company has met its quantum roadmap goals, releasing the IBM Heron processor, which is significantly faster and more efficient than its predecessor [32] Question: Macro environment impact - IBM's diverse business portfolio provides resilience against market uncertainties, and the company is well-positioned to meet client needs for cost savings and productivity gains [35][36]

Group 1 - IBM's board of directors declared an increase in the regular quarterly cash dividend to $1.68 per common share [1] - This marks the 30th consecutive year that IBM has increased its quarterly cash dividend [1] - IBM has been paying consecutive quarterly dividends since 1916 [1]

Core Viewpoint - IBM plans to invest $150 billion in the US over the next five years, focusing on quantum computer production and supporting local manufacturing initiatives [1][3] Investment Commitment - The investment includes over $30 billion specifically for expanding US manufacturing of quantum computers and mainframes, which are essential for handling large data and critical applications [3] - This announcement aligns with similar commitments from other tech giants like Nvidia and Apple, each pledging approximately $500 billion in the US over the next four years [1][6] Industry Context - Analysts interpret these spending commitments as strategic moves to appease the Trump administration amid concerns over tariffs that could disrupt supply chains and increase costs for the technology sector [2][4] - Recent advancements in quantum computing, such as new chips from Google's Alphabet, have heightened interest in the field, although there is uncertainty regarding the timeline for practical applications [5][8] Financial Overview - IBM reported cash and cash equivalents of $14.8 billion as of December 31, with capital expenditures of $1.13 billion last year and total expenses amounting to $29.75 billion [9]

Investment Plans - IBM announced plans to invest $150 billion in the United States over the next five years, with $30 billion specifically allocated for research and development to enhance manufacturing of mainframe and quantum computers [1][2][4] Strategic Positioning - The investment aims to solidify IBM's position as a leader in advanced computing and AI capabilities, as stated by IBM chairman and CEO Arvind Krishna [2][4] Industry Context - Other corporate giants like Apple, Nvidia, and Hyundai have also revealed significant spending plans in the U.S. since the return of President Trump to the White House, indicating a broader trend among major companies to invest domestically [3] - The investment comes amid a backdrop of tariff hikes aimed at encouraging U.S. companies to bring manufacturing back home, although many tariffs have been put on hold due to concerns about their impact on the economy [3]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Viewpoint - IBM plans to invest $150 billion in the U.S. over the next five years, including over $30 billion in mainframe and quantum computing research to enhance its role as a global leader in computing [1][2] Group 1: Investment Plans - The investment aims to fuel the economy and accelerate IBM's leadership in computing [1] - The commitment includes a significant focus on American jobs and manufacturing, reinforcing IBM's historical dedication to these areas [2] Group 2: Industry Context - Other tech companies, such as Apple and Nvidia, have also announced substantial investments to boost their U.S. manufacturing presence, reflecting a broader trend in the industry [2]