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IBM(IBM) - 2023 Q4 - Annual Report
2024-02-25 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 FOR THE YEAR ENDED DECEMBER 31, 2023 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 offices) (Zip Code ...
Better AI Stock: Microsoft vs. IBM
The Motley Fool· 2024-02-24 15:00
One of the big secular trends of the past year has been artificial intelligence (AI). The market for AI is forecast to hit $305.9 billion in 2024, and expected to grow to $738.8 billion by 2030.This market expansion serves as a multiyear tailwind for companies developing AI technology. That includes tech veterans International Business Machines (IBM 0.82%) and Microsoft (MSFT -0.32%). The demand for each company's AI offerings helped propel both companies' stocks higher over the past year.IBM shares were at ...
IBM (IBM) Exceeds Market Returns: Some Facts to Consider
Zacks Investment Research· 2024-02-23 23:46
IBM (IBM) closed the latest trading day at $185.72, indicating a +0.82% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.04%. Meanwhile, the Dow experienced a rise of 0.16%, and the technology-dominated Nasdaq saw a decrease of 0.28%.Shares of the technology and consulting company have depreciated by 3.27% over the course of the past month, underperforming the Computer and Technology sector's gain of 4.78% and the S&P 500's gain of 5.01%.Investors will be eagerly watc ...
Why Is IBM (IBM) Down 3.3% Since Last Earnings Report?
Zacks Investment Research· 2024-02-23 17:35
It has been about a month since the last earnings report for IBM (IBM) . Shares have lost about 3.3% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is IBM due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. IBM Beats Q4 Earnings Estimates on Solid AI, Cloud DemandIBM en ...
Is Trending Stock International Business Machines Corporation (IBM) a Buy Now?
Zacks Investment Research· 2024-02-23 15:06
IBM (IBM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this technology and consulting company have returned -3.3% over the past month versus the Zacks S&P 500 composite's +5% change. The Zacks Computer - Integrated Systems industry, to which IBM belongs, has gained 6% over this period. Now the key question is: Where could the stock be headed in the near term?While media re ...
Is IBM's Pension Plan Announcement Good News For Employees?
Forbes· 2024-02-23 08:21
IBM Pension PlanPhoto credit: RedditEarlier this week, I wrote of the news that IBM IBM was reopening its defined benefit (DB) plan. Their announcement was noteworthy for two reasons— IBM is known for being a leader and changemaker in retirement funding, and Is IBM’s action a sign of a reversal of the decades-long trend of corporates moving from traditional DB pension plans?I received inquiries on my column questioning whether the changes in IBM’s pension plan were good for employees, so I am writing this f ...
IBM Reopens Defined Benefit Pension Plan—Will Other Corporates Follow?
Forbes· 2024-02-21 08:38
IBM Retirement PlansPhoto credit: Wealth45.comAfter years of the decline of defined benefit (DB) plans for employee retirement, it was surprising to see IBM announce the reopening of its DB plan. Meanwhile, we continue to see headlines on the paucity of retirement savings workers have in their largely self-funded defined contribution (DC) plans.IBM’s traditional DB pension plan had $25.1 billion in assets in 2022. And IBM’s DC 401(k) Plus Plan had $53.2 billion in assets, according to the latest 11-K statem ...
IBM Report: Identity Comes Under Attack, Straining Enterprises' Recovery Time from Breaches
Prnewswire· 2024-02-21 05:00
-71% spike in cyberattacks caused by exploiting identity - 50% AI market share milestone to trigger a cyber problem - Nearly 70% of attacks globally targeted critical infrastructure in 2023 - Europe feels brunt of cyberattacks, making up 32% of global incidents CAMBRIDGE, Mass., Feb. 21, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today released the 2024 X-Force Threat Intelligence Index highlighting an emerging global identity crisis as cybercriminals double down on exploiting user identities to compromise enterp ...
IBM teams up with Wipro on new AI services
Invezz· 2024-02-20 13:07
IBM (NYSE: IBM) is in focus today after it announced to have teamed up with Wipro Limited (NYSE: WIT) on new artificial intelligence enabled services.Details of IBM-Wipro expanded partnershipCopy link to sectionThe Indian multinational rolled out Wipro Enterprise AI-Ready Platform on Tuesday that leverages watsonx AI and data platform to help clients build their “enterprise-level, fully integrated, and customised AI environments”. Wipro has also partnered with the New York listed firm on funding the IBM Tec ...
Where Will IBM Stock Be in 5 Years?
The Motley Fool· 2024-02-18 12:20
Five years ago, IBM (IBM 0.41%) was little more than a fading memory for most people. The end of the mainframe computer era and the rise of cloud computing left the aging company behind. The revenue decline that began all the way back in 2012 was still well underway as of 2019. Many investors left it for dead.What a difference five years makes! While IBM is still much smaller than it was then -- as measured by sales as well as profits -- the future looks promising. The organization has finally figured out h ...