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.
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.
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.
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.
IBM is acquiring digital transformation services provider Octo for an undisclosed amount from private equity firm Arlington Capital Partners.
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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