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IBM, International Business Machines, is a technology company that manufactures and markets computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

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Tech Stock Pick: International Business Machine Corporation (IBM)

International Business Machines Corporation (IBM) is an American multinational tech firm operating in over 170 countries. The company rose through the ranks of tech titan companies as […] The post Tech Stock Pick: International Business Machine Corporation (IBM) appeared first on Hacked: Hacking Finance.

IBM Stock Down Despite Earnings, Cloud Revenue Beat Wall Street View

Coinspeaker IBM Stock Down Despite Earnings, Cloud Revenue Beat Wall Street ViewOn Wednesday, IBM reported better-than-expected Q2 earnings. However, the stock price rebounded after hours as the company’s guidance for the year held steady. Shares of IBM rose initially by up to 4% but later receded and in the end were down more than 1%.According to Refinitiv, revenue came in at $19.16 billion as expected by analysts. The earnings report was $3.17 per share versus the expected $3.07 per share. The company’s revenue fell 4% from last year even as earnings grew 3% according to an official statement. Additionally, the year-over-year revenue has declined for the fourth quarter in a row.IBM’s Global Technology Services produced $6.84 billion in revenue, down almost 7%. That figure is slightly below the $7 billion consensus estimate projected by FactSet analysts. The GTS is declining by 3% since the company aims to reposition its portfolios for higher growth and profitability. Stifel analysts led by David Grossman wrote in a note on July 9 saying:“Declines are likely to remain at these levels through most of this year as the company exits lower margin capital intensive business and culls low growth/margin relationships from the portfolio.”The Cloud and Cognitive Software unit contributed $5.65 billion in revenue against the expected estimate of $5.55 billion. IBM’s Global Business Services segment reported revenue of $4.16 billion just below the $4.17 billion FactSet estimate. Systems revenue came in at $1.75 billion, down around 20% and below the $1.82 billion mean FactSet estimate.According to IBM, growth from the Power product line sufficiently offset the impact from the company’s storage “product cycle dynamics” and Z mainframe-computer products. In the past quarters, the Z line helped lift IBM’s revenue as businesses made upgrades.IBM Stock DirectionShares were up 2.2% to 146.22 in the afternoon hours of Wednesday’s trading session. According to IBM Chief Financial Officer James Kavanaugh:“We maintained our momentum in the second quarter, again expanding gross profit margin and growing free cash flow, driven to a great extent by our increasing mix of high-value offerings for clients.”IBM confirmed that it is on track to meet its full-year adjusted EPS guidance of “at least” $13.90. That figure excludes the impact of the recently successful acquisition of Red Hat. The company’s non-GAAP gross profit margin grew by 100 basis points year-over-year to 47.4% for the quarter. That is the biggest expansion in more than 5 years.Kavanaugh explained that the gross margins improved as a result of IBM’s higher-value segments like data security, cloud, and artificial intelligence. He also noted that the previously announced software divestiture gains had no impact on Q2 earnings after legal costs and restructuring.Facebook and BitcoinCurrently, investors are worried about Facebook’s move into cryptocurrency. They think that it will spark a new wave of regulation. The worry and uncertainty sent the Bitcoin price below $10,000 for the first time in two weeks. US Senate lawmakers grilled David Marcus about the Libra crypto project on July 16.As we published earlier, Marcus was testifying before the Senate Committee on Banking, Housing, and Urban Affairs. During that hearing, Facebook’s proposed digital currency Libra and data privacy considerations were examined.With a lot of animosities, shamelessness and inappropriate language, U.S senators showed their real face. They showed that they do not want to learn and will do anything to keep their monopoly untouched. The Ohio Democrat Sherrod Brown said:“Facebook’s motto is ‘move fast and break things.’ They’ve moved fast and are helping to undermine our democracy. Now they’re expecting us to trust them with our paychecks.”Bitcoin plunged below $10,000 towards the $9,150 level but it has recovered a bit now trading around $9,800.IBM Stock Down Despite Earnings, Cloud Revenue Beat Wall Street View

Stellar Lumens up by 10% over the hour; surges past Tron owing to Poloniex, IBM announcements

As the Libra bears eased off the cryptocurrency market, an unlikely leader emerged. Stellar Lumens [XLM], the second of the two most prominent bank coins in the market, surged by over 10 percent over the hour, as the market recorded a positive correction. Following the second of two hearings for Calibra’s David Marcus, Bitcoin dropped […] The post Stellar Lumens up by 10% over the hour; surges past Tron owing to Poloniex, IBM announcements appeared first on AMBCrypto.

IBM shares are rising after Big Blue posted better-than-expected results. Revenue dipped, but earnings beat Wall Street estimates. (IBM)

IBM shares rallied in after-hours trading on Wednesday after the company reported stronger than expected earnings. The company reported adjusted earnings of $3.17 a share, beating the Wall Street estimate of $3.07 a share. Click here for more BI Prime stories. IBM shares were climbing after hours on Wednesday, after the tech behemoth posted better-than-expected profit, despite a dip in revenue. IBM's stock was last up more than 3% at $147.64, after closing at $143.09 in the regular trading session. Big Blue reported a second-quarter profit of $2.5 billion, or $2.81 a share, up from $2.4 billion, or $2.61 a share in the year-ago period. The company posted revenue of $19.2 billion, down 4% from the same period last year. Adjusted profit was $3.17 a share. Wall Street analysts were expecting the company to report profit of $3.07 a share, on revenue of $19.16 billion. IBM CEO Ginni Rometty highlighted the company's focus on "high-value areas," particularly the company's cloud business. IBM's cloud and cognitive software unit posted sales of $5.6 billion, up 3.2%. IBM had just completed its $3.4 billion acquisition of Red Hat, the open-source cloud software pioneer, which the company expects to give it a lift in its bid to become more competitive in the cloud. The company is particularly focused on hybrid cloud, in which businesses store and process data and use applications on a public cloud, such as those run by IBM and rivals Microsoft and Amazon. "With the completion of our acquisition of Red Hat, we will provide the only true open hybrid multi-cloud platform in the industry, strengthening our leadership position and uniquely helping clients succeed in chapter 2 of their digital reinventions," Rometty said in a statement. Got a tip about IBM or another tech company? Contact this reporter via email at, message him on Twitter @benpimentel. You can also contact Business Insider securely via SecureDrop.SEE ALSO: A Wall Street analyst says VMware is winning fans because it makes it as much as 40% cheaper to use Amazon's cloud in conjunction with their own servers Join the conversation about this story » NOW WATCH: What El Chapo is really like, according to the wife of one his closest henchman
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Number Of IBM Blockchain Patents Has Grown By 300%

It is now emerging that IBM has been investigating new applications of blockchain technology in the last year. Consequently, the technology-focused company has increased the number of blockchain patents. For clarity, a patent is considered to be an official document issued by a government to restrict other parties from using the invention, intellectual property, or idea without a prior written agreement. According to Ginni Rometty, chairman, IBM: “IBM is committed to leading the way on the technologies that change the way the world works – and solving problems many people have not even thought of yet. Our clients and their customers are the beneficiaries of these innovations, particularly our leadership in AI, cloud, blockchain, and security for business.” Patents on Network Security and Database Management Some of the patents filed by IBM in 2019 include one that focuses on network security and another that seeks to streamline management of traditional databases. A short description of the patent focusing on network security using blockchain technology notes that the security of a data log while employing monitor security protocols can be ensured using a “combination of hardware and software configurations.” On database management, the patent notes that: “Database management systems (DBMSs) are typically configured to separate the process of storing data from accessing, manipulating, or using data stored in a database. DBMSs often require tremendous resources to handle the heavy workloads placed on such systems. As such, it may be useful to manage a DBMS using blockchain technology.” As of June 2019, the top companies in the United States with the highest number of blockchain patents were led by IBM, Bank of America, MasterCard, and Intel with 108, 52, 43, and 53 patents respectively. In just 1 year the number of IBM blockchain patents has grown by 300%. When one of the largest companies in the world (366,000 employees) spends so much of their resources on developing a blockchain department, this tells a lot about the market potential #blockchain #IBM #Growth— Yuval Halevi (@Yuval_Halevi) July 15, 2019 Jesse Lund and CTO Yong Departure Unfortunately, the rate of filing patents or even bringing the filed patents to life is likely to slow down given the departure of two key individuals from IBM. The first to leave was Jesse Lund who headed IBM’s blockchain department that sought to streamline the financial services sector and virtual currencies. Lund left in May but said that he is “still optimistic about payments innovation using blockchain.” He formerly worked in the banking sector and was keen on exploring central bank virtual currencies, stablecoins, among other crypto uses in the enterprise sector. Notably, Jesse led the World Wire network developed by IBM to tackle cross border payments by using the Stellar blockchain network. Before his departure, the former banker had already courted six financial institutions including South Korea’s Bank Busan and Banco Bradesco in Brazil. It is worth noting that IBM’s World Wire is available in 72 countries and supports 47 currencies. However, according to Jed McCaleb, Stellar’s co-founder, it’s unlikely that the departure of Lund will hurt the cooperation between Stellar and World Wire. A few weeks after Lund’s departure, IBM’s CTO, Stanley Yong, left further crippling IBM’s push to use blockchain technology in the financial sector. Yong headed the Central Bank Digital Currency Solutions. Unfortunately, with the departure of Yong and Lund, it will take a little longer for IBM to develop the pile of patents into tangible products and or services. Also, since Lund was at the center of the World Wire and Stellar partnership, it’s unclear whether IBM will stay committed to using the Stellar blockchain platform. The post Number Of IBM Blockchain Patents Has Grown By 300% appeared first on Ethereum World News.
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Fan tokens draw new users to crypto with the latest club addition, AS Roma

Blockchain is stepping further into the sports arena, as cryptocurrency company Socios partners with soccer team AS Roma to offer a fan token, according to a statement from the club.  The token will find its way to fans through the Socios app. There, it'll be tradeable against the Socios native token, $CHZ, currently listed on BitMax and KuCoin, as well as Binance DEX - Binance's decentralized exchange. The tokens are accessed on, but housed on a separate permissioned side chain, where each club becomes a Node with Proof Of Authority (POA) from $CHZ. In order to access the club token through a Fan Token Offering, fans must first hold $CHZ. The move could open crypto to a wider user base, since the tokens allow fans to have a voice in their club. The tokens five supporters the right to vote on certain club decisions. They'll be set at a price of two euros, but fans can also earn them by interacting with AS Roma on the Socios app. Fans can also "hunt" tokens for free through the app's augmented-reality geo-location feature Token Hunt. However, AS Roma isn't the only club interacting with fans through crypto. Indeed, clubs from different leagues including Paris Saint-Germain, Juventus and West Ham United have all created fan tokens for supporters. Alexandre Dreyfus, chief executive & founder of, said AS Roma's fan base along with other participating clubs draw hundreds of millions of users.
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What does it take to be part of the next wave of Bitcoin Billionaires? Tim Draper answers

As crypto ecosystem consistently redefines its new peak in terms of adoption, fiat investors and new players are seeking opportunities to be a part of the next wave of Bitcoin Billionaires. One of the early birds, Tim Draper leads this space in terms of making sizable investments and returns in Bitcoin. Having complete faith in Bitcoin’s […] The post What does it take to be part of the next wave of Bitcoin Billionaires? Tim Draper answers appeared first on AMBCrypto.

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