IBM released on Wednesday its third-quarter (Q3) revenue report, revealing the hardware company’s rise in cloud unit, faced with a drop in IBM Z Power systems. The hardware computer mogul reported a non-generally accepted accounting principle (GAAP) of $2.52 earnings per share (EPS) revenue, resulting in $17.6 billion, with a 1 percent rise Year-over-Year (YoY). Non-GAAP […]

IBM has been awarded a multi-year contract to help Telefonica build its new ‘Unica Next’ cloud-based 5G core network platform. In a statement, IBM said the Spanish operator , Telefonica, has engaged IBM Global Business Services – the consultancy arm of IBM, Red Hat and Juniper Networks – to deploy an “open-standard open-networking” platform across […]

IBM quits facial recognition, joins call for police reforms

By MATT O’BRIEN AP Technology Writer IBM is getting out of the facial recognition business, saying it’s concerned about how the technology can be used for mass surveillance and racial profiling. Ongoing protests responding to the death of George Floyd have sparked a broader reckoning over racial injustice and a closer look at the use […]

How 5G is driving business strategy for tech giants

In an obvious move that makes clear its intention to be a leading actor in the nascent telco edge computing market, IBM revealed a series of new software solutions and applications which are designed to assist CSPs (Communication Service Providers) and enterprises to develop and execute their edge computing strategies, citing the “5G era” as […]

Business Fallout

By The Associated Press undefined The rapid worldwide spread of the coronavirus since it was first revealed in China less than three months ago has dealt an unparalleled shock to the global economy. Following are weekend business developments related to the outbreak as governments attempt to stabilize their economies, companies navigate through an altered landscape, […]