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IBM A Top Socially Responsible Dividend Stock With 4.0% Yield
Forbes· 2024-05-07 14:08
International Business Machines has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ''DividendRank'' statistics including a strong 4.0% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria. Environmental criteria include considerations like the environmental impact of the company's products and services, as well as the company's efficienc ...
Better Quantum Computing Stock: IBM vs. IonQ
The Motley Fool· 2024-05-05 19:02
Should you invest in the blue-chip stalwart or the speculative newcomer?IBM (IBM 0.62%) and IonQ (IONQ -0.67%) are both investing in the long-term growth of the quantum computing market. While traditional computers process data as binary "bits" of zeros and ones, quantum computers process zeros and ones simultaneously as "qubits." That approach makes quantum computers much faster than their traditional counterparts, but they're larger, more expensive, and more prone to making mistakes.As quantum computing t ...
Futuristic AI Requires Futuristic Data Centers, Experts Urge Investment Surge
Prnewswire· 2024-05-02 14:33
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- With integration of AI-powered computing steadily on the rise, analysts at Goldman Sachs Research are projecting that the global data center power behind this tech boom is poised to more than double by 2030. However, the catch is that Goldman's teach believes that the supporting data center load growth will require at least $50 billion in new power generation capacity investment to achieve this. E ...
IBM(IBM) - 2024 Q1 - Quarterly Report
2024-04-30 15:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTER ENDED MARCH 31, 2024 1-2360 (Commission file number) INTERNATIONAL BUSINESS MACHINES CORPORATION (Exact name of registrant as specified in its charter) New York 13-0871985 (State of incorporation) (IRS employer identification number) One New Orchard Road Armonk, New York 10504 (Address of principal executive ...
IBM BOARD APPROVES INCREASE IN QUARTERLY CASH DIVIDEND FOR THE 29th CONSECUTIVE YEAR
Prnewswire· 2024-04-30 14:38
ARMONK, N.Y., April 30, 2024 /PRNewswire/ -- The IBM (NYSE: IBM) board of directors today declared an increase in the regular quarterly cash dividend to $1.67 per common share, payable June 10, 2024 to stockholders of record as of May 10, 2024. This is the 29th year in a row that IBM has increased its quarterly cash dividend.  IBM has paid consecutive quarterly dividends since 1916. Arvind Krishna, IBM chairman and chief executive officer, said: "IBM remains focused on two of the most transformational techn ...
Unlocking IBM (IBM) International Revenues: Trends, Surprises, and Prospects
Zacks Investment Research· 2024-04-29 17:16
Have you evaluated the performance of IBM's (IBM) international operations for the quarter ending March 2024? Given the extensive global presence of this technology and consulting company, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors mus ...
Slingshot Stocks: 3 Picks Primed to Catapult Higher in the Next Market Surge
InvestorPlace· 2024-04-27 10:19
Aerospace and Defense Industry - Lockheed Martin's Q1 2024 net sales increased significantly to $17.2 billion from $15.1 billion in the same period the previous year, showcasing its ability to generate substantial income [3] - The company has a healthy backlog of $159 billion, indicating a robust pipeline of potential future revenue-generating projects [3] - The FY2024 defense budget provides funds for several important initiatives, including multi-year munitions acquisition, hypersonics, and secret operations, further strengthening Lockheed Martin's growth prospects [4] - Lockheed Martin's global market reach is demonstrated by agreements to provide F-35 aircraft to countries like the Czech Republic, Turkey, and Singapore, broadening its income sources beyond its home country [4] Smokeless Oral Products Market - Philip Morris International's ZYN nicotine pouches have seen remarkable growth, with shipping volume increasing by 79.7% year-over-year to 131.6 million cans in the U.S., reflecting high customer demand [5] - ZYN has achieved consecutive gains in market share within the oral nicotine pouch category in the U.S., with its share rising to over 74% for the fourth consecutive quarter, a sequential rise of 1.3 percentage points [5] - In Japan, Philip Morris' IQOS products have seen a significant rise in market share, increasing by more than three percentage points to above 29% [6] IT Infrastructure and Hybrid Solutions - IBM's infrastructure segment revenue increased by 0.2% at constant currency, with hybrid infrastructure driving the majority of the rise at 6% [7] - Revenue from IBM Z, the company's flagship hardware product, increased by 5%, demonstrating ongoing demand for IBM's mainframe solutions [7] - Distributed infrastructure grew at a pace of 7% at constant currency, highlighting IBM's growth and durability in hybrid solutions [7] - In Q1 2024, IBM generated $1.9 billion in free cash flow, a notable $600 million increase annually, with $11.8 billion generated over the previous 12 months, positioning the company for further investment and strategic objectives [8] - IBM's robust cash flow supports strategic acquisitions, such as the upcoming acquisition of HashiCorp, preserving its financial stability [8]
Buy the Dip on IBM Stock
The Motley Fool· 2024-04-27 08:30
There was more good news than bad in the company's first-quarter report.Shares of International Business Machines (IBM -1.05%) slumped on Thursday after the tech giant reported first-quarter results that fell a bit short of expectations. Revenue of $14.46 billion missed the consensus estimate by $80 million, while adjusted earnings per share of $1.68 was $0.09 below expectations.For the most part, though, IBM's first quarter went well. Overall revenue was up 3% in constant currency, free cash flow jumped si ...
IBM, Government of Canada, Government of Quebec Sign Agreements to Strengthen Canada's Semiconductor Industry
Prnewswire· 2024-04-26 14:20
Up to $187M CAD to be invested to progress expansion of chip packaging capacity and capabilities and to strengthen R&D at IBM Canada's Bromont plantBROMONT, QC, April 26, 2024 /PRNewswire/ -- IBM (NYSE: IBM), the Government of Canada, and the Government of Quebec today announced agreements that will strengthen Canada's semiconductor industry, and further develop the assembly, testing and packaging (ATP) capabilities for semiconductor modules to be used across a wide range of applications including telecommu ...
IBM's Stock Got a Big, Blue Bruise Today
The Motley Fool· 2024-04-25 18:00
Why did IBM's stock plunge despite robust earnings? "Good enough" isn't always good enough on Wall Street.Shares of IBM (IBM -7.82%) took a hard hit on Thursday, following the release of first-quarter results and the announcement of a $6.4 billion acquisition in the cloud computing space. The results were solid enough, but IBM investors wanted a stronger artificial intelligence (AI) push. As a result, IBM shares traded 9.6% lower at noon ET.IBM's busy dayLet's start with the earnings report. First-quarter s ...