IBM quarterly revenue boosted by AI and hybrid cloud
Big Blue's share price soars as customers seek greater automation
Big Blue's share price soars as customers seek greater automation
After laying off thousands earlier this year
Pausing sales cost it $300m
Historic IT company pledges renewable initiatives, but maintains large oil contracts
Schroeter is a mainframe fan, who was passed over for the main CEO job
Gary Cohn fell out with Trump over tariffs. Previously he was COO of Goldman Sachs
Spinning off $19bn legacy business will cost $5bn, and free up the company, says Arvind Krishna
Revenue decreases slightly due to pandemic spending shift
After George Floyd protesters have highlighted tech's role in police discrimination
Amid a bunch of executive shuffles
The move comes after Jim Whitehurst was named IBM president
Arvind Krishna to take over from Ginni Rometty
IBM will house the system in a New York facility, to be available as a cloud service