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Posts Tagged ‘Red Hat’

IBM Struggles to Jump-Start Its Turnaround

Posted by hkarner - 18. April 2019

Date: 17-04-2019
Source: The Wall Street Journal

Computing giant posts third consecutive quarter of declines, touts growth in cloud-computing business

IBM said its cloud businesses grew by 10% in the past 12 months.

International Business Machines Corp. reported a third consecutive quarter of declining revenue, further clouding Chief Executive Ginni Rometty’s yearslong quest to revitalize the computing giant.

Under Ms. Rometty, who has been at the helm since 2012, IBM has poured resources into its cloud-computing business and new technologies such as artificial intelligence, aiming to reorient Big Blue in a world where traditional growth engines like equipment sales and services haven’t been growing as rapidly. Den Rest des Beitrags lesen »

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IBM to Acquire Red Hat for About $33 Billion

Posted by hkarner - 30. Oktober 2018

Date: 29-10-2018
Source: The Wall Street Journal

Tech giant’s aim is to boost a cloud-computing business central to CEO Rometty’s effort to revive the company

Red Hat has grown into the dominant provider of the Linux operating system to corporations.

International Business Machines Corp. agreed to buy software-and-services company Red Hat Inc. for about $33 billion in its biggest acquisition ever, a deal aimed at helping IBM Chief Executive Ginni Rometty boost a cloud-computing business central to her efforts to revive the tech giant.

IBM rivals Amazon.com Inc. and Microsoft Corp. have jumped ahead of it in recent years in the business of providing computing power and software for rent. But Ms. Rometty said in an interview that the market is moving into a second chapter in which customers will want to work with multiple cloud providers. That should boost interest in so-called hybrid services in which companies run programs that use computing resources from their own servers and web services from IBM and others at the same time, she said.

“This is an inflection point,” Ms. Rometty said.

Red Hat will help IBM with that effort because it is a leading provider of open-source software and services that help companies bridge different platforms, she said. Den Rest des Beitrags lesen »

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