IBM got a boost from Red Hat and its results shows buying it was smart - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Six months after IBM spent $34 billion to acquire an open source software company, IBM's Q4 results showed that 'Red Hat goodness is kicking in'

, it looks like the acquisition is paying off for the tech giant.

"We're off to a great start with Red Hat," IBM Chief Financial Officer James Kavanaugh said on a call with analysts on Tuesday."It appears that the Red Hat 'goodness' is kicking in," analyst Patrick Moorhead told Business Insider. IBM also got a boost from sales of its flagship mainframe products, which Moorhead attributed to "pent up demand."

IBM has said it's banking on a new trend called hybrid cloud, in which businesses run networks in the cloud, while keeping huge chunks of the data and applications in private data centers.The company says it expects hybrid cloud toThe IBM report shows that the tech giant may be on the right track. "They appear to be on much better footing over last year at this time and given the direction they are headed," he told Business Insider. "it is very possible that their growth will continue into the new year."

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

How companies like Google and IBM plan to make money from quantum computingHere's how quantum computing works, and how it could change everything from Wall Street to Big Pharma and beyond. Make smart decisions. Why spend 100k in education if it’s only gonna make you 35k a yr? Great Video 👍🏾
La source: CNBC - 🏆 12. / 72 Lire la suite »

IBM set to report earnings after the bellIBM's revenue is expected to decline again, even after it began shipping a new mainframe computer. I have a way to make earnings. Yet nobody wants to listen to me. GodBless CNBCStockMarketNews interested in my stock? I have an excellent pitch just ask my lawyer👼🏻
La source: CNBC - 🏆 12. / 72 Lire la suite »