IBM reports rise in Q4 profit, but plans to cut 3,900 jobs
IBM reported net income of $2.9 billion in the fourth quarter of 2022 and year-on-year increases in revenue across all three of its business segments.
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Lawsuit claims IBM falsely used mainframe sales to boost AI, cloud businesses
A securities fraud lawsuit filed against IBM accuses the tech giant of deceiving investors by shifting mainframe revenue to make its cloud and AI-based Watson products appear to be in high demand.
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IBM introduces Partner Plus program
IBM has revealed its new Partner Plus program which continues to place partners at the centre of its strategy to help capture a slice of the US$1 trillion hybrid cloud and AI market.
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IBM acquires Octo to boost government business
IBM is acquiring digital transformation services provider Octo for an undisclosed amount from private equity firm Arlington Capital Partners.
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TradeLens demise by Maersk and IBM likely a death knell for blockchain consortiums
After four years, Maersk is shuttering its blockchain experiment aimed at creating an efficient and inexpensive method for tracking global shipments.
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