SAN FRANCISCO, Jan 25 ― IBM yesterday beat Wall Street estimates for revenue in the fourth quarter, as its focus on the cloud paid off in Big Blue's first earnings after exiting the slow-growing managed infrastructure business.
“This will be the first quarter where you'll see what today's IBM looks like, and that is a higher revenue growth company,” Chief Financial Officer James Kavanaugh told Reuters in an interview. Revenue at IBM's consulting business rose 13.1 per cent, while cloud revenue jumped 16 per cent to US$6.2 billion in the quarter.
US revenue rose in the mid-single digits during the quarter even as the Omicron variant raged across the country, Kavanaugh said, adding that industries hit hard early by the pandemic were bouncing back.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysian writer of ‘The Accidental Malay’ wins 2022 South-east Asian book prize | Malay MailKUALA LUMPUR, Jan 23 — Malaysian Karina Robles Bahrin emerged the winner of the Epigram Books Fiction Prize 2022, besting three other finalists from Singapore for the RM77,777.50 (SG$25,000) in prize money. In its seventh iteration, the 52-year-old’s manuscript — titled The Accidental Malay... Congratulations
Source: malaymail - 🏆 1. / 86 Read more »
Australian Open hopes for strong finish after Djokovic debacle | Malay MailMELBOURNE, Jan 23 — Deported from Melbourne last Sunday, Novak Djokovic has since visited a monastery in Montenegro where he appeared at peace with his absence from the Australian Open. But the furore sparked by the world number one’s arrival to his deportation on the eve of his title defence...
Source: malaymail - 🏆 1. / 86 Read more »
Natalie Portman, French firm bring home the faux bacon | Malay MailPARIS, Jan 23 — Vegan bacon sizzles on a pan in the office of a French startup whose quest to produce the “holy grail” of the growing plant-based meat industry gained the financial backing of Hollywood star Natalie Portman. Paris-based company La Vie recently raised €25 million (RM119...
Source: malaymail - 🏆 1. / 86 Read more »
Peru declares environmental emergency on coastal area hit by oil spill | Malay MailLIMA, Jan 23 — Peru declared an environmental emergency yesterday to battle an oil spill caused by freak waves from a volcanic eruption in the South Pacific. The stunningly powerful eruption last Saturday of an undersea volcano near Tonga unleashed tsunami waves around the Pacific and as far away...
Source: malaymail - 🏆 1. / 86 Read more »
WHO: Europe could be headed for pandemic ‘endgame’ | Malay MailCOPENHAGEN, Jan 24 — The Omicron variant has moved the Covid-19 pandemic into a new phase and could bring it to an end in Europe, the WHO Europe director said Sunday. “It’s plausible that the region is moving towards a kind of pandemic endgame,” Hans Kluge told AFP in an interview, adding...
Source: malaymail - 🏆 1. / 86 Read more »
Asia shares tense as Fed looms, Ukraine a concern | Malay MailSYDNEY, Jan 24 — Asian share markets slipped today with the Federal Reserve expected to confirm it will soon start draining the massive liquidity that has fuelled the huge gains in growth stocks in recent years. Adding to the caution was concerns about a possible Russian attack on Ukraine with...
Source: malaymail - 🏆 1. / 86 Read more »