ibm hybrid multi cloud strategy


It has also got a large number of common open source services for ubiquitous integration, management, security, and data management. Forward-looking statements are based on the company's current assumptions regarding future business and financial performance. In other words, by building the tools necessary to migrate legacy applications into a format thats optimized for OpenShift, IBM is giving companies an opportunity to move to a hybrid cloud environment that supports public and private cloud, and to leverage a multi Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. NewCo will extend its leadership through increased investment in the nextgeneration of transformational managed infrastructure services, with more opportunity for margin expansion, profit growth and cash generation. For more details about IBM Cloud Private, visit here. With a streamlined business model, NewCo will create value by helping enterprises optimize their performance through AI and automation. The new solutions include containerized software across IBM IT Infrastructure and advancements in data storage for containers. The acquisition represents IBM's transitions from software and services to a company fully focussed on hybrid cloud management by focusing on hybrid cloud, big data, and AI capabilities. IBM is also continuing to consolidate its shared services. %%EOF Girl City Drone and Phone Fantastic Protected Species Life and Art Asia Featured This includes streamlining its geographic model and transforming its go-to-market structure to better engage with and support clients. Building on IBM's hybrid cloud foundation, the company acquired Red Hat to unlock the full value of the cloud for clients, further accelerating adoption of the platform. "IBM is laser-focused on the $1 trillion hybrid cloud opportunity," said Arvind Krishna, IBM Chief Executive Officer. 1 IBM Voucher per participant. IBM will focus on its open hybrid cloud platform and AI capabilities. Hybrid cloud growth and use to multi-cloud by corporations will be game-changers for IBM stock. pamurphy@us.ibm.com, Forward-Looking and Cautionary Statements. For more information about IBM, visit ibm.com/news. IBM will focus on its open hybrid cloud platform, which represents a $1 trillion market opportunity. IBM expects to report revenue of $17.6 billion, GAAP diluted earnings per share from continuing operations of $1.89, and operating (non-GAAP) earnings per share of $2.58. 0 This includes a comprehensive range of as-a-service offerings, software, hardware and professional services that enable IBM to advise, move, build and manage cloud solutions across public, private and on-premises environments. endstream endobj startxref Companies are in urgent need of a hybrid cloud architecture to manage the complexity brought by the multi-cloud," he said. IBMs cloud strategy focuses on hybrid and multi cloud environments that allow enterprises to use platforms and services they have already invested in. IBM Multicloud Management Services allows your business to use multiple public clouds from many vendors, such as IBM, AWS, Azure, Google, Alibaba or others, to deliver its IT services. Revenue growth is likely in 2020-2021. Now is the right time to create two market-leading companies focused on what they do best. As a global company with a very large number of clients across a multitude of industries, our goal is to get workloads in an optimal configuration that is efficient, flexible, and infused with AI. Any forward-looking statement in this release speaks only as of the date on which it is made. NewCo will be able to better modernize infrastructures for an unparalleled roster of clients in all industries, with relationships that have been built over decades. IBM's unique full-stack capabilities and large ecosystem of partners and ISV's deliver innovation and enable clients to unlock the full value of the hybrid cloud and their data. Media: A platform made for the cloud you want Flexibility, responsiveness and cost are fueling your journey to cloud. The success of our IBM public cloud is foundational to our hybrid cloud strategy. IBM, a Leading Hybrid Cloud and AI Company IBM will focus on its open hybrid cloud platform, which represents a $1 trillion market opportunity. It has relationships with more than 4,600 technology-intensive, highly regulated clients in 115 countries, including more than 75% of the Fortune 100, a backlog of $60 billion, and more than twice the scale of its nearest competitor. In a hybrid cloud environment, an organization uses a blend of public and private clouds, on or off premises, to meet its IT needs. jonathan.adashek@ibm.com, Sarah Meron ", "We have positioned IBM for the new era of hybrid cloud," said Ginni Rometty, IBM Executive Chairman. De!ning the Hybrid Cloud A hybrid cloud is an environment that integrates traditional IT with a combination of public, private, or managed cloud services. Finally he proposed a way, creating IBMs so-called hybrid multi cloud strategy. To tackle the bottleneck, IBM offers its Cloud Pak solution, which is an artificial intelligence-infused software portfolio that runs on Red Hat OpenShift platform. f$A6 w [+ol #L+ #b It helps organizations to have a multicloud without having a hybrid cloud, or to have a multicloud as part of a hybrid cloud. ARMONK, N.Y., Oct. 8, 2020 /PRNewswire/ --IBM (NYSE: IBM) announced today it will accelerate its hybrid cloud growth strategy to drive digital transformations for its clients. +1 914-499-5800 IBM is updating its cloud portfolio with new capabilities to help clients move to a hybrid cloud environment, according to a press release on the companys website. "Client buying needs for application and infrastructure services are diverging, while adoption of our hybrid cloud platform is accelerating. NewCo will also be able to partner fully across all cloud vendors, opening new avenues for growth, while maintaining a strong strategic partnership with IBM and continuing to serve existing and new clients. IBM will host an investor webcast beginning at8 a.m EDT,Thursday, October 8, 2020. With over $20B in annual cloud revenue, IBM has built a leading enterprise hybrid cloud business. Following the completion of the separation, each company's dividend policy will be determined by its respective Board of Directors. IBM's open hybrid cloud platform architecture, based on Red Hat OpenShift, works with the entire range of clients' existing IT infrastructures, regardless of vendor. Following separation, the companies together are initially expected to pay a combined quarterly dividend that is no less than IBM's pre-spin dividend per share. As IBM is currently in its normal financial closing process, these are approximate figures and are subject to revision until IBM reports its full third-quarter results as planned later this month. Industry observers said IBMs sharper focus on hybrid cloud deployments could result in the new company collaborating with public cloud leaders as IBM pursues multi-cloud deployments intended to avoid vendor lock-in. IBM's software portfolio, focused on data and AI, automation, and security, enables the widest access to innovation through open source. We believe the future will be driven by hybrid cloud hence, the expansion of IBM Hybrid cloud practice is intrinsic to our strategy. These are all underpinned by the security, unmatched expertise in industry verticals, and deep commitment to open source innovation that clients expect from IBM. Our clientsneed a hybrid and multicloud solution that can seamlessly incorporate their workloads across on-premise, private and public cloud environments. 128 0 obj <> endobj Additionally, IBM will separate NewCo will have greater agility to design, run and modernize the infrastructure of the world's most important organizations. This preliminary financial data should not be viewed as a substitute for all financial statements prepared in accordance with U.S. GAAP. We believe the future will be driven by hybrid cloud hence, the expansion of IBM Hybrid cloud practice is intrinsic to our strategy. The financial information for the quarter ended September 30, 2020 is based on the company's internal management accounts and reporting as of and for the 2020 third quarter. IBM's business, strategy and technology consultants help clients transform by modernizing their existing applications, and by building new AI-infused data analysis capabilities on the leading open hybrid cloud platform. Both companies will be on an improved growth trajectory with greater ability to partner and capture new opportunities creating value for clients and shareholders. +1 347-891-1770 As a result, the final results and other disclosures for the 2020 third quarter may differ materially from this preliminary data. The IBM Cloud Pak for Multicloud Management offering is an application-centric, AI-driven management platform designed to provide full visibility and control wherever your workloads run. An enhanced financial profile with a clear trajectory for improved revenue and profit growth a hybrid cloud, separation! For the open hybrid cloud 8, 2020 with the acquisition of red OpenShift, NewCo will have greater agility to design, run and modernize the infrastructure of the right to. Will be determined by its respective Board of Directors advancements in data storage for containers accessed a! Quarter ended September 30, 2020 as part of a hybrid and solution. 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