International Business Machines Corporation (IBM) recently announced that its Apptio portfolio of enterprise agile planning (EAP), IT financial management and cloud FinOps solutions will be available on Microsoft Azure – the cloud computing platform of Microsoft Corporation (MSFT) . Also, IBM expanded the global availability of its software portfolio to 14 additional countries on the Azure Marketplace to better serve customers on their digital transformation journeys.IBM’s EAP software eases the operation s ...

Brian Gilmartin, is a portfolio manager at Trinity Asset Management, a firm he founded in May, 1995, catering to individual investors and institutions that werent getting the attention and service deserved, from larger firms. Brian started in the business as a fixed-income / credit analyst, with a Chicago broker-dealer, and then worked at Stein Roe & Farnham in Chicago, from 1992 - 1995, before striking out on his own and managing equity and balanced accounts for clients. Brian has a BSBA (Finance) from Xav ...

Financial Performance - In Q3 2024, the company reported revenue of $15.0 billion, a 1.5% increase year-over-year, and a net loss from continuing operations of $0.3 billion, impacted by a one-time pension settlement charge of $2.7 billion[223]. - Operating (non-GAAP) earnings for Q3 2024 were $2.2 billion, with diluted earnings per share of $2.30, reflecting a 6.1% increase compared to the previous year[220]. - The gross profit margin improved to 56.3%, up 1.9 percentage points year-over-year, driven by revenue growth and ongoing productivity actions[227]. - Total revenue for the first nine months of 2024 was $45.2 billion, reflecting a year-over-year growth of 1.6 percent[235]. - Total revenue for Q3 2024 was $14,968 million, reflecting a 1.5% increase from $14,752 million in Q3 2023[255]. - Net income from continuing operations was $3.1 billion for the first nine months of 2024, a decrease of 27.0 percent compared to $4.2 billion in the prior-year period[235]. - Diluted earnings per share from continuing operations was $3.30 for the nine months ended September 30, 2024, down 28.1 percent from the prior-year period[242]. Revenue Breakdown - Software revenue grew by 9.7% as reported and 9.6% adjusted for currency, significantly contributing to overall revenue growth[224]. - Consulting revenue decreased by 0.5% as reported but remained flat when adjusted for currency, reflecting a dynamic market environment[225]. - Hybrid Platform & Solutions revenue reached $4,600 million in Q3 2024, a 9.8% increase year-over-year (9.7% adjusted for currency)[256]. - Red Hat revenue grew by 13.7% in Q3 2024, contributing approximately 3.5 points to total Software revenue growth[256]. - For the first nine months of 2024, Software revenue totaled $19,162 million, a 7.5% increase compared to the same period in 2023[259]. - Consulting revenue for the third quarter of 2024 was $5,152 million, a decrease of 0.5 percent year-over-year, reflecting a challenging macroeconomic environment[266]. Expenses and Costs - Total expenses increased by 50.0% year-over-year, primarily due to the pension settlement charge and higher workforce rebalancing costs[228]. - Total expense for the three months ended September 30, 2024, was $9,222 million, an increase of 50.0% from $6,150 million in 2023[296]. - Total selling, general and administrative (SG&A) expense for the three months ended September 30, 2024, was $4,911 million, an increase of 10.2% from $4,458 million in 2023[299]. - Research, development, and engineering (RD&E) expense rose by 11.3% in Q3 2024 and 9.7% for the first nine months compared to the prior year, driven by investments in AI, hybrid cloud, and quantum technologies[304]. - Other (income) and expense showed a total expense of $2,244 million in Q3 2024, compared to income of $215 million in the prior year, largely due to a non-operating retirement-related cost of $2,797 million[310]. Cash Flow and Liquidity - The company generated $2.9 billion in cash from operations and $2.1 billion in free cash flow during the quarter[223]. - Cash provided by operating activities was $9.1 billion in the first nine months of 2024, a decrease of $0.4 billion compared to the same period in 2023[245]. - Free cash flow for the first nine months of 2024 was $6.6 billion, an increase of $1.5 billion year-over-year[245]. - Net cash provided by operating activities decreased by $353 million to $9,115 million compared to the first nine months of 2023[341]. Assets and Equity - Total assets decreased by $0.9 billion from December 31, 2023, primarily due to a decrease in receivables[244]. - Total equity increased to $24.5 billion as of September 30, 2024, up $1.9 billion from December 31, 2023, driven by year-to-date net income[244]. - Noncurrent assets increased by $1,463 million primarily due to an increase in goodwill and intangible assets from acquisitions[330]. Debt and Financing - Total debt as of September 30, 2024, was $56,579 million, flat compared to December 31, 2023[324]. - Long-term debt increased by $2,859 million primarily driven by first-quarter 2023 debt issuances[331]. - The Financing debt-to-equity ratio remained at 9.0 to 1 as of September 30, 2024[336]. Risks and Challenges - The company acknowledges potential risks including economic downturns and client spending budgets that could impact future performance[393]. - Risks related to cybersecurity and data privacy are emphasized as critical factors for the company's operations[393]. - The potential failure of the separation of Kyndryl Holdings, Inc. to qualify for tax-free treatment is noted as a significant risk[393]. - The impact of climate change and environmental matters is recognized as a concern for the company's future strategies[393]. - The company must navigate currency fluctuations and customer financing risks that could affect its financial stability[393].

IBM Software Portfolio on the Azure Marketplace Expands GloballyARMONK, N.Y., Oct. 29, 2024 /PRNewswire/ -- IBM (NYSE: IBM) announced today that it is bringing the Apptio portfolio of enterprise agile planning (EAP), IT financial management, and cloud FinOps solutions to Microsoft Azure. In addition, IBM announced their global expansion of IBM Software availability on the Azure Marketplace making it easier for customers to buy software directly on the marketplace while using their Microsoft Azure Consumptio ...

SAN FRANCISCO, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Fresche Solutions ("Fresche", "Company"), a global leader in IBM i management and modernization, proudly introduces AI-Celerate, a 12-week strategic advisory framework to enable organizations to design an enterprise AI technology roadmap tailored for IBM i systems and beyond. This groundbreaking advisory service propels business transformation through the strategic adoption of artificial intelligence. AI-Celerate centers on personalized AI assessments, strate ...

Have you assessed how the international operations of IBM (IBM) performed in the quarter ended September 2024? For this technology and consulting company, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects. In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. ...

International Business Machines Corporation NYSE: IBM shares have been having one of their most exciting years in a long, long time. After a lengthy stretch of mostly sideways movement from 2015 through last summer, the stock finally broke out and started heading north. IBM is up over 35% this year alone, and its shares have been reaching record highs as recently as this month. For a company usually associated with lackluster returns, this year's performance has flipped the script. And for several good reas ...

Could Big Blue catch up and join the trillion-dollar winner's circle in a decade?It might be hard to believe now, but IBM (IBM -1.70%) was once worth more than Microsoft (MSFT 0.80%). That last time that happened was on Dec. 12, 2011 when IBM was worth $216 billion and Microsoft had a market cap of $215 billion.But today, IBM is only worth $214 billion, while Microsoft has grown into the world's third-most valuable company with a market cap of $3.18 trillion. Let's see why these two tech giants went on such ...

International Business Machines Corporation (IBM) has introduced the IBM Guardium Data Security Center, designed to help organizations secure their data in diverse environments throughout its lifecycle with integrated controls. The platform features a single dashboard consolidating all data assets, allowing security teams to streamline monitoring, governance, detection, artificial intelligence (AI) security management and cryptography workflows. Enhanced with generative AI, it also creates risk summaries to ...

Dublin, Oct. 25, 2024 (GLOBE NEWSWIRE) -- The "Global Compliance Automation Tools Market (2024 Edition): Market Size, Trends, Opportunities and Forecast by Application, Industry, Deployment, Region, By Country: 2020-2030" report has been added to ResearchAndMarkets.com's offering.Compliance Automation Tools Market was valued at USD 2.53 billion in 2023 and is expected to grow at a CAGR of 19.7% during 2025-2030.The Compliance Automation Tools market has grown significantly due to increasing regulatory requ ...