Key Takeaways IBM Concert will help Deutsche Telekom automate security and patch management across hybrid cloud. The solution reduces patching time from 90 minutes to 20 minutes by using AI from the Watsonx platform. Despite AI traction, IBM faces margin pressure, high valuation and stiff competition from AWS and Azure.International Business Machines Corporation (IBM) recently announced that Deutsche Telekom AG (DTEGY) will deploy the IBM Concert solution to improve overall efficiency. This AI-powered aut ...

Core Insights - Dell Technologies (DELL) and Nutanix (NTNX) are significant players in the cloud infrastructure and hyperconverged infrastructure (HCI) market, with both companies positioned to benefit from the increasing adoption of hybrid cloud solutions [1][2] Dell Technologies - Dell's Infrastructure Solutions Group (ISG) revenues, which include cloud offerings, increased by 12% year over year to $10.31 billion in Q1 FY26 [3][9] - The company is expanding its cloud services through partnerships and infrastructure solutions, including a recent collaboration with Singapore's Institute of Technical Education to launch a hybrid cloud VDI Center [4] - Dell is experiencing strong demand for AI-optimized servers, particularly the PowerEdge XE9680L, driven by digital transformation and interest in generative AI applications [5][9] - Despite a challenging macroeconomic environment, Dell's innovation in AI infrastructure and positive earnings outlook support its long-term strength, with a Zacks Consensus Estimate for fiscal 2026 earnings at $9.44 per share, indicating a 15.97% year-over-year increase [15][16] Nutanix - Nutanix offers software-defined HCI solutions that support multi-hypervisor and multi-cloud environments, gaining traction as a cost-effective alternative for customers [6] - The company added 620 customers in Q3 FY25, bringing its total client count to 27,490, demonstrating strong recurring revenue momentum [7][9] - Nutanix expanded its portfolio with new solutions like Cloud Native AOS and Nutanix Kubernetes Platform, as well as launching Nutanix Enterprise AI to support modern applications [8] - The Zacks Consensus Estimate for Nutanix's fiscal 2025 earnings is $1.74 per share, reflecting a 32.82% year-over-year increase, although its high valuation may limit near-term upside [15][17] Stock Performance and Valuation - Year-to-date, DELL shares have appreciated by 5.7%, while NTNX shares have increased by 22.9%, with Nutanix's outperformance attributed to its expanding partnerships and clientele [10] - DELL shares are currently trading at a forward Price/Sales ratio of 0.77X, indicating a cheaper valuation compared to NTNX's 6.97X, which is considered overvalued [13] - DELL holds a Zacks Rank of 1 (Strong Buy), while NTNX has a Zacks Rank of 2 (Buy), suggesting a stronger investment case for Dell [19]

NetApp (NTAP) Conference June 11, 2025 10:00 AM ET Speaker0 Lane Curtis, very happy to have with us NetApp from the company Cesar Sonuda, president, as well as Chris Newton from investor relations. So I'll do thirty minute fireside, but Chris is gonna do a safe harbor for all of us to wake us up. Speaker1 That's right. Hi, everyone. Today's discussion may include forward looking statements regarding NetApp's future performance, are subject to risk and uncertainty. Actual results may differ materially from t ...

Key Takeaways IBM Software revenue rose to $6.34B in Q1 2025 from $5.9B, led by cloud and AI-focused offerings. HashiCorp buyout boosts IBM's Red Hat, watsonx and automation tools for hybrid cloud and IT security. Segment revenue is projected to grow 11.6% YoY to $7.52B in 2025, driven by hybrid cloud and automation.International Business Machines Corporation’s (IBM) Software segment is increasingly gaining traction with an increasing demand for a focused portfolio that provides end-to-end hybrid cloud an ...

[Music] The S&P 500 is once again approaching record territory, and investors are always on the lookout, not just for momentum within the indices, but with stocks that are moving towards records, too. In that spirit, we'll be highlighting those companies that are at or near record highs. We're watching companies that have been outperforming despite the volatility we've seen this year.We'll be speaking with seuite executives, analysts, and experts to bring you all the insights into the why behind the high. I ...

Key Takeaways IBM stock has gained 16% in six months, outperforming MSFT's 5% rise and AMZN's 8.4% drop. Hybrid cloud momentum and watsonx AI Labs are fueling IBM's Software and Consulting growth. IBM faces margin pressure, job cuts and intense cloud competition despite improving earnings estimates.International Business Machines Corporation (IBM) has surged 16% over the past six months compared with the industry’s growth of 1.8%, outperforming peers like Microsoft Corporation (MSFT) and Amazon.com, Inc. ...

Financial Data and Key Metrics Changes - Q2 revenue was $7.6 billion, up 7% year over year, exceeding the high end of previous guidance [9][22] - Non-GAAP diluted net earnings per share were $0.38, above the guided range of $0.28 to $0.34 [10][25] - Non-GAAP gross margin was 29.4%, down 370 basis points year over year [23] - Non-GAAP operating margin was 8%, down 150 basis points year over year [24] Business Line Data and Key Metrics Changes - Server revenue was $4.1 billion, up 7% year over year but down 5% sequentially [27] - Intelligent Edge revenue was $1.2 billion, up 8% year over year, marking the first growth in five quarters [30] - Hybrid Cloud revenue was $1.5 billion, up 15% year over year, with strong performance across all product lines [33] - Financial Services revenue was $856 million, up 1% year over year [34] Market Data and Key Metrics Changes - AI systems saw $1.1 billion in net new orders, with over $1 billion converted into revenue, up from $900 million last quarter [12][29] - The annualized revenue run rate for GreenLake reached $2.2 billion, up 47% year over year [14] - Orders for Alletra MP grew more than 75% year over year for four consecutive quarters [13] Company Strategy and Development Direction - The company is focused on executing its strategy in AI, networking, and hybrid cloud, capitalizing on megatrends reshaping the IT industry [11][18] - A commitment to closing the Juniper Networks transaction is expected to deliver at least $450 million in annual run rate synergies [19] - The company is implementing a cost reduction program aimed at streamlining operations and improving profitability [38][39] Management's Comments on Operating Environment and Future Outlook - Management noted a dynamic macro and trade policy environment, with significant uncertainty affecting demand [8] - The company expects revenue growth of 7% to 9% year over year for the second half of the fiscal year [11][42] - Management remains optimistic about the profitable growth opportunities ahead, including the anticipated closure of the Juniper Networks transaction [20] Other Important Information - The company is maintaining a rapid pace of AI innovation and has launched several new products to enhance its offerings [15][17] - Free cash flow was negative $847 million, slightly better than expected due to AI backlog conversion [24][36] - The company is on track to achieve its cost savings goals related to workforce reduction by year-end [38][39] Q&A Session Summary Question: What is needed for server margins to improve? - Management addressed execution challenges from Q1, implementing targeted actions to improve pricing and inventory management, aiming for 10% margins by Q4 [48][49][51] Question: Can you elaborate on the pipeline strength? - The pipeline showed strength across AI, hybrid cloud, and networking, with significant order growth in AI systems and strong demand for Alletra storage [56][60][62] Question: What are the trends in federal and state spending? - Management noted a solid pipeline for U.S. federal business, with expectations for improvement in spending as government plans are enacted [96][97] Question: How is the company addressing inventory levels? - The company has reduced inventory by $500 million and is managing inventory exposure related to AI transactions [51][75] Question: What is the outlook for server margins? - Management reiterated expectations for sequential improvement in server margins, targeting around 10% by Q4 [83][84]

Core Insights - HashiCorp is enhancing its collaboration with IBM to develop a unified automated hybrid cloud platform, integrating with IBM's software automation portfolio and supporting IBM Z Mainframe [1][16] - Despite 94% of enterprises utilizing cloud services, only 20% are achieving full ROI, indicating a significant gap in cloud maturity [1] - The emergence of one billion new AI applications by 2028 is expected to increase cloud complexity, necessitating strategic decisions for enterprises regarding their hybrid cloud strategies [1] Infrastructure Lifecycle Management (ILM) - ILM is a foundational priority for organizations scaling their hybrid strategies with IBM and HashiCorp, focusing on faster delivery and infrastructure resilience [4] - New features across Terraform, Packer, Nomad, and Waypoint have been introduced to automate critical workflows, enhancing team productivity and infrastructure resilience throughout the lifecycle [6][16] - Terraform's capabilities allow for standardized and scalable infrastructure provisioning, reducing configuration drift and manual rework [7] Security Lifecycle Management (SLM) - SLM integrates identity-based security, secrets management, and access governance into hybrid workflows, addressing the growing security surface area as organizations modernize their infrastructure [9][10] - HashiCorp's SLM tools provide proactive visibility, access control, and cryptographic assurance across hybrid environments, enabling teams to move faster without compromising control [10][16] - The introduction of features like HCP Vault Radar helps detect and remediate unmanaged secrets and credential sprawl, enhancing security posture [15] Customer Use Cases - Helvetia Insurance successfully migrated 200 applications to AWS and Azure within a year using HashiCorp Terraform, demonstrating the effectiveness of the platform in achieving ambitious cloud migration goals [5] - IG Group leveraged HashiCorp's products to strengthen security while accelerating delivery, onboarding 63 teams to HCP Vault with a centralized GitOps workflow [10] Product Announcements - New integrations with Red Hat Ansible Automation Platform and Red Hat OpenShift have been announced, enabling orchestration of complex infrastructure workflows [13] - Terraform provider for IBM Z allows organizations to integrate mainframe platforms into modern workflows and hybrid cloud strategies [14]

IBM (IBM) FY Conference May 29, 2025 09:00 AM ET Speaker0 Okay. Good morning. I think we're gonna get started right around 9AM. I'm, Mark Neuen, Bernstein's new US IT Hardware Analyst, and, my predecessor, Tony Secondhagen, sitting in the front here. Nice to be back at Bernstein after a few years away. And as as one of the most enduring companies in technology, IBM doesn't need much introduction. However, it is nonetheless our pleasure to welcome Arvind Krishna, IBM's chairman and CEO. Thank you for coming ...

NetApp, Inc. (NTAP) is slated to release fourth-quarter fiscal 2025 earnings on May 29, after the closing bell.The company expects non-GAAP earnings per share to be between $1.84 and $1.94 for the quarter. The Zacks Consensus Estimate is pegged at $1.89 per share, indicating a 5% rise from the year-ago level.Net revenues are anticipated to be between $1.65 billion and $1.8 billion. The Zacks Consensus Estimate is pegged at $1.73 billion, implying a 3.4% increase from the prior-year level.NTAP beat estimates ...