This preliminary financial data should not be viewed as a substitute for all financial statements prepared in accordance with U.S. GAAP. IBM will host an investor webcast beginning at 8 a.m EDT, Thursday, October 8, 2020. Developers also. With tighter integration and focus on its open hybrid cloud and AI solutions, IBM will move from a company with more than half of its revenues in services to one with a majority in high-value cloud software and solutions. With this acquisition, IBM can further advance its Hybrid Cloud and AI technology and reinforce its AIOps and AI-powered automation capabilities. The new solutions include containerized software across IBM IT Infrastructure and advancements in data storage for containers. Wipro is part of IBM’s hybrid cloud ecosystem, an initiative to support global system integrators and independent software vendors to help clients modernize workloads with Red Hat OpenShift for any cloud environment, including the IBM public cloud. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements. Patricia Murphy
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. %PDF-1.3
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One-time transaction costs are expected to include tax charges, operational separation activities, and other customary items. IBM can help unlock your cloud infrastructure by harnessing the power of the right hybrid cloud strategy, so that you can maintain stability. Forward-looking statements are based on the company's current assumptions regarding future business and financial performance. 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. 188 0 obj
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NewCo's services will enable enterprises to build agility and efficiency into their infrastructure and datacenters. IBM and Bharti Airtel have completed the first phase of Airtel’s Open Hybrid Cloud Network built with IBM and Red Hat's portfolio of hybrid cloud and cognitive enterprise capabilities, announced IBM on Tuesday. 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 company’s website. Additionally, IBM will separate its Managed Infrastructure Services unit of its Global Technology Services division into a new public company ("NewCo"). IBM's Systems business, integrated with the hybrid cloud platform, allows cloud-native developers to capitalize on the unique capabilities of IBM's hardware. IBM's secure, mission-critical public cloud is designed to provide all required regulatory controls, and offers clients a foundation of open source software, security leadership, and enterprise-grade infrastructure. J.P. Morgan Securities LLC and Lazard are serving as financial advisors for the transaction, with Paul, Weiss, Rifkind, Wharton & Garrison LLP acting as legal advisor. h�bbd``b`�$��~ �&$x�����:"�@�����R$X�A� �$��@b5 1?��m- 1�y� nH����,U V;�� barbini@us.ibm.com, Investor Relations:
About IBM
This platform facilitates the deployment of powerful AI capabilities to enable the power of data, application modernization services, and systems. Any forward-looking statement in this release speaks only as of the date on which it is made. Additionally, IBM will separate … The company also said it has more than 2,400 hybrid cloud customers, and has added more than 300 new partners using its or Red Hat’s hybrid cloud tools. IBM's hybrid model to help debottleneck the multi-cloud era-More efforts are needed by Chinese enterprises to unlock the value of the hybrid cloud, as it is poised to be a driver of digital transformation, said Alain Benichou, CEO of IBM Greater China Group. These are critical services that are core to client operations. The separation is currently expected to be completed by the end of 2021. 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. 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