Written by Summary IBM has evolved its business model to become a leader in the hybrid cloud and artificial intelligence [AI], two major growth industries. The company has over 2,300 AI-related patents and company is a Gartner Magic Quadrant leader in AI for developers. IBM reported strong financial results in the fourth quarter of 2022, as it beat both revenue and earnings growth expectations. The company has a healthy forward dividend yield of 4.85%. David Ramos IBM (NYSE: IBM ) is a legacy technology company which is known for being a pioneer in mainframe computers. This business was of course decimated by the Personal Computer [PC] revolution and Microsoft managed to ride IBM’s coat-tails before leapfrogging them to success. In recent years, IBM has focused on its new "platform" business which focuses on the hybrid cloud and Artificial Intelligence [AI] at its core. Both these are huge growth markets with the Hybrid Cloud forecast to grow at a rapid 21.06% compounded annual growth rate [CAGR] up until 2026. In addition, ~77% of I.T decision makers have announced plans to use a "hybrid cloud" I.T environment, according to an IBM cited study. I also discovered other more independent studies back […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
