IBM disappoints a bit in the third quarter

(San Francisco) The American group IBM disappointed Wednesday with a turnover of 17.6 billion dollars in the third quarter, slightly lower than expected by the market. Its title lost more than 4% in electronic trading after the close of Wall Street.



From July to September, the computer giant posted a net profit of $ 1.1 billion, up from $ 1.7 billion a year ago at the same time, according to its earnings release.

IBM has embarked on a global reorganization to focus on remote computing and artificial intelligence, which have become the engines of its growth.

As part of this strategy, the firm will split one of its historical IT activities to create in November a separate company, called Kyndryl, specializing in the management of business IT infrastructures.

Taking this separation into account, IBM’s revenues are up 2.5% year-on-year.

Its cloud computing division grew 3% with revenue of $ 5.7 billion for the past quarter.

IBM is particularly focused on this segment by a hybrid cloud platform, which allows customers to use a combination of their own (private) servers and so-called public storage space, i.e. provided by service providers. external like Amazon or Microsoft.

Its subsidiary Red Hat, bought in 2018 for $ 34 billion, and which manages the free operating system Linux, saw its revenues increase by 17%.

The group led by Arvind Krishna intends to boost its cloud offering and adoption of Red Hat with the acquisition of BoxBoat Technologies, announced in July, a hybrid cloud consulting company. In early February, he finalized an agreement to buy Taos, a company specializing in data migrations and cloud computing platform management services.

In August, IBM also unveiled a new processor believed to be better in artificial intelligence, with applications in large-scale data analysis for the banking, finance and insurance industries.


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