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Jim Kavanaugh - 4 Kavanaugh - 3 Arvind Krishna - 2 CNBC's Seema Mody - 1 Mody - 1 Krishna - 1 David Steward - 1 IBM's - 1
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Search resuls for: "Jim Kavanaugh"


9 mentions found


☆ IBM stock slips on disappointing consulting and infrastructure revenue
  + stars: | 2024-10-23 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
In the third quarter, IBM generated $6.52 billion in revenue from software. Revenue from Red Hat, a 2019 acquisition, grew 14%, compared with 7% in the second quarter. The company's infrastructure segment had $3.04 billion in revenue, down 7% and beneath StreetAccount's $3.24 billion consensus. IBM now has a generative artificial intelligence book of business exceeding $3 billion, up more than $1 billion in the second quarter. During the quarter, IBM said it would expand its network of Oracle product consultants and buy Oracle services company Accelalpha.
Persons: Jim Kavanaugh, Arvind Krishna, Kavanaugh, CNBC's Seema Mody, Mody, Krishna Organizations: IBM, Prudential, Revenue, StreetAccount, Red, Software, Oracle, Palo Alto Networks, Software AG Locations: StreetAccount .
☆ Billionaire tech CEO says bosses shouldn't 'BS' employees about the impact AI will have on jobs
  + stars: | 2024-09-19 | by ( Ryan Browne | ) www.cnbc.com   time to read: +2 min
Corporate leaders can't "bulls---" their employees about the impact of artificial intelligence on the workforce and the ways in which the technology will affect jobs more broadly, according to one tech billionaire. "If I could give any advice, it's that everybody should be a student of AI and tech and not be afraid of it." Even though it's a given AI will impact the workforce, "none of us have it all completely figured out," he said. "If anybody comes in and tells you, 'I can tell you exactly how this is going to impact jobs and how it's going to impact everything we're doing,' they're lying. Kavanaugh co-founded WWT in 1990 with fellow St. Louis, Missouri-based entrepreneur David Steward as a reseller of technology equipment.
Persons: Jim Kavanaugh, Kavanaugh, David Steward Organizations: CNBC, Forbes, U.S, team Locations: Louis , Missouri, Los Angeles
☆ The rapid advancement of AI is digitally transforming businesses. Here's what that means for business leaders.
  + stars: | 2024-01-30 | by ( Sponsor Post | ) www.businessinsider.com   time to read: +4 min
Leaders should start with the basics and understand what AI is and what it means for their business. Courtesy of World Wide TechnologyThe spectacular introduction of generative AI into mainstream consciousness can make it feel like the underlying technology is unique. The imperative to be proactiveAI is, and will continue to be, a transformative force in today's business world. To realize its benefits, organizations need an approach to AI solution development and adoption that is thoughtful, strategic, and practical. This post was created by World Wide Technology with Insider Studios.
Persons: Jim Kavanaugh Organizations: Fortune, Technology, Insider Studios
☆ IBM software sales up 8% as the company beats on top and bottom lines
  + stars: | 2023-10-25 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
IBM shares rose about 1% in extended trading Wednesday after the technology conglomerate announced third-quarter results that exceeded Wall Street estimates. The company's Software unit produced $6.27 billion in revenue. IBM's Consulting division generated $4.96 billion in revenue, up around 6% but lower than StreetAccount's consensus of $5.11 billion. "We still are executing extremely well from my point of view in consulting," Jim Kavanaugh, IBM's finance chief, told CNBC's Kristina Partsinevelos in an interview. During the quarter IBM released Granite generative artificial-intelligence models for composing and summarizing text.
Persons: Arvind Krishna, IBM's, Jim Kavanaugh, CNBC's Kristina Partsinevelos, Kavanaugh Organizations: IBM, Wall, LSEG, StreetAccount, IBM's Consulting, Accenture, Infrastructure, Vista Equity Partners Locations: New York
☆ IBM earnings top estimates as margins expand
  + stars: | 2023-04-19 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
IBM Chairman and CEO Arvind Krishna appears on a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. IBM issued stronger-than-expected first-quarter earnings on Wednesday even as the technology and consulting company reported disappointing revenue. IBM's consulting unit delivered $4.96 billion in revenue, up almost 3% but lower than the StreetAccount consensus of $5.01 billion. During the quarter, IBM said its technology was powering artificial intelligence-powered commentary on videos in the Masters Tournament golf app. WATCH: Technology is a deflationary answer to today's macro struggles, says IBM CEO Arvind Krishna
☆ Premarket stocks: Here's why you should always wait for the earnings call
  + stars: | 2023-01-30 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +6 min
We’re currently in the thick of fourth quarter earnings reports, but traders don’t seem to care about how companies fared during the final months of 2022. These slowdowns have been partially factored into stock prices, he said, “but not necessarily in full.”The upside: Market reaction appears to go both ways. Gas prices are surging this month. Gas prices are rocketing higher. Why are gas prices jumping?
☆ IBM Reports Flat Sales Amid Broader Tech Slowdown
  + stars: | 2023-01-26 | by ( Denny Jacob | ) www.wsj.com   time to read: 1 min
IBM said its fourth-quarter revenue was $16.69 billion compared with $16.70 billion a year earlier. International Business Machines Corp. on Wednesday posted flat sales after a strong U.S. dollar hurt its reported revenue by more than $1 billion. The information-technology company said exchange rates would improve in its favor in 2023. “We saw accelerating demand as we exited the year,” Chief Financial Officer Jim Kavanaugh said in an interview.
☆ IBM tops revenue estimates, says it will cut 3,900 jobs
  + stars: | 2023-01-25 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
IBM reported quarterly revenue on Wednesday that topped analysts' estimates, driven by higher-than-expected growth in the company's software and infrastructure segments. Here's how the company did:Earnings: $3.60 per share, adjusted, vs. $3.60 per share as expected by analysts, according to Refinitiv. $3.60 per share, adjusted, vs. $3.60 per share as expected by analysts, according to Refinitiv. Revenue: $16.69 billion, vs. $16.4 billion as expected by analysts, according to Refinitiv. With respect to guidance, IBM called for 2023 revenue growth in constant currency and around $10.5 billion in free cash flow.
☆ IBM surpasses quarterly projections and lifts its full-year revenue forecast
  + stars: | 2022-10-19 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
"With our year-to-date performance, we now expect full-year revenue growth above our mid-single digit model," CEO Arvind Krishna said in the statement. During the third quarter IBM paid a one-time non-cash pension settlement charge tied to the transfer of some pension obligations and assets to third-party insurers. About 8% of software revenue came from a commercial relationship with Kyndryl, said Jim Kavanaugh, IBM's finance chief, on the conference call. The infrastructure segment delivered $3.35 billion, up 14.8% and higher than the $3.06 billion StreetAccount consensus. Correction: A prior version of this story had the incorrect figure for revenue growth.
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