SI
SI
discoversearch

Technology Stocks : IBM
IBM 151.15+1.4%Sep 20 5:41 PM EDTNews

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Sr K10/18/2017 2:15:10 AM
1 Recommendation

Recommended By
Gottfried

   of 8191
 
Oct 17, 2017
Q3 2017 reporting

from page 5 of the prepared remarks:

Our operating expense was down one percent versus last year, with little impact from currency and acquisitions this quarter. Our expense dynamics reflect the continued efficiency we’re driving in our underlying spending base, while continuing to invest to build and reinvent our platforms and solutions. Included within the one percent reduction, we had about $220 million less IP income year to year, and absorbed an impact of about $100 million year to year in SG&A associated with some commercial disputes.

from page 8:

We’re embedding cognitive into our Security offerings as well. Security software grew double digits this quarter, and this is clearly a hot market for us. We had strong growth across our security portfolio in areas such as endpoint protection, incident response and security intelligence, with offerings like Resilient and QRadar. Our clients using QRadar Advisor with Watson are seeing measurable results. For example, clients found threats 60 times faster than manual investigations, and complex analysis went from an hour to less than a minute. As you would imagine, nothing matters more than time in these situations. Acceleration in the number of cyber security threats, the increasing requirements of regulatory compliance, including the upcoming GDPR, or General Data Protection Regulation, and our collaboration with Cisco and other partners on threat intelligence drove strong demand this quarter.

and, a few pages later:

IBM Z revenue grew 62 percent year to year on 33 percent MIPS growth, and margins expanded after a successful launch of the z14 program in mid- September. This success is due to the strong demand for technology that helps address the growing threat of global data breaches, and the need to operate within regulated environments. Our new z14 mainframe, with its unprecedented encryption capabilities, encrypts all data associated with any application, cloud service or database all the time, without the possibility of human intervention. And that’s with no application change, and no performance impact. So, the appeal is obvious, and we had good traction across a broad mix of industries and geographies. And across the z platform, we are addressing emerging workloads in areas like Blockchain, machine learning, and new payment systems. For example, when banks are trying to figure out how to manage new requirements within the EU’s payment modernization initiative, they come to us. Given the critical nature of the European financial services backbone, IBM Z provides the necessary reliability, scalability and security, and that’s why we had key wins in instant payments this quarter.



Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

Copyright © 1995-2018 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.