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IBM Tivoli Enterprise Asset Management Sales Mastery Test v3
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Killexams : IBM Enterprise benefits - BingNews https://killexams.com/pass4sure/exam-detail/00M-668 Search results Killexams : IBM Enterprise benefits - BingNews https://killexams.com/pass4sure/exam-detail/00M-668 https://killexams.com/exam_list/IBM Killexams : IBM Expands Its Power10 Portfolio For Mission Critical Applications

It is sometimes difficult to understand the true value of IBM's Power-based CPUs and associated server platforms. And the company has written a lot about it over the past few years. Even for IT professionals that deploy and manage servers. As an industry, we have become accustomed to using x86 as a baseline for comparison. If an x86 CPU has 64 cores, that becomes what we used to measure relative value in other CPUs.

But this is a flawed way of measuring CPUs and a broken system for measuring server platforms. An x86 core is different than an Arm core which is different than a Power core. While Arm has achieved parity with x86 for some cloud-native workloads, the Power architecture is different. Multi-threading, encryption, AI enablement – many functions are designed into Power that don’t impact performance like other architectures.

I write all this as a set-up for IBM's announced expanded support for its Power10 architecture. In the following paragraphs, I will provide the details of IBM's announcement and provide some thoughts on what this could mean for enterprise IT.

What was announced

Before discussing what was announced, it is a good idea to do a quick overview of Power10.

IBM introduced the Power10 CPU architecture at the Hot Chips conference in August 2020. Moor Insights & Strategy chief analyst Patrick Moorhead wrote about it here. Power10 is developed on the opensource Power ISA. Power10 comes in two variants – 15x SMT8 cores and 30x SMT4 cores. For those familiar with x86, SMT8 (8 threads/core seems extreme, as does SMT4. But this is where the Power ISA is fundamentally different from x86. Power is a highly performant ISA, and the Power10 cores are designed for the most demanding workloads.

One last note on Power10. SMT8 is optimized for higher throughput and lower computation. SMT4 attacks the compute-intensive space with lower throughput.

IBM introduced the Power E1080 in September of 2021. Moor Insights & Strategy chief analyst Patrick Moorhead wrote about it here. The E1080 is a system designed for mission and business-critical workloads and has been strongly adopted by IBM's loyal Power customer base.

Because of this success, IBM has expanded the breadth of the Power10 portfolio and how customers consume these resources.

The big reveal in IBM’s exact announcement is the availability of four new servers built on the Power10 architecture. These servers are designed to address customers' full range of workload needs in the enterprise datacenter.

The Power S1014 is the traditional enterprise workhorse that runs the modern business. For x86 IT folks, think of the S1014 equivalent to the two-socket workhorses that run virtualized infrastructure. One of the things that IBM points out about the S1014 is that this server was designed with lower technical requirements. This statement leads me to believe that the company is perhaps softening the barrier for the S1014 in data centers that are not traditional IBM shops. Or maybe for environments that use Power for higher-end workloads but non-Power for traditional infrastructure needs.

The Power S1022 is IBM's scale-out server. Organizations embracing cloud-native, containerized environments will find the S1022 an ideal match. Again, for the x86 crowd – think of the traditional scale-out servers that are perhaps an AMD single socket or Intel dual-socket – the S1022 would be IBM's equivalent.

Finally, the S1024 targets the data analytics space. With lots of high-performing cores and a big memory footprint – this server plays in the area where IBM has done so well.

In addition, to these platforms, IBM also introduced the Power E1050. The E1050 seems designed for big data and workloads with significant memory throughput requirements.

The E1050 is where I believe the difference in the Power architecture becomes obvious. The E1050 is where midrange starts to bump into high performance, and IBM claims 8-socket performance in this four-socket socket configuration. IBM says it can deliver performance for those running big data environments, larger data warehouses, and high-performance workloads. Maybe, more importantly, the company claims to provide considerable cost savings for workloads that generally require a significant financial investment.

One benchmark that IBM showed was the two-tier SAP Standard app benchmark. In this test, the E1050 beat an x86, 8-socket server handily, showing a 2.6x per-core performance advantage. We at Moor Insights & Strategy didn’t run the benchmark or certify it, but the company has been conservative in its disclosures, and I have no reason to dispute it.

But the performance and cost savings are not just associated with these higher-end workloads with narrow applicability. In another comparison, IBM showed the Power S1022 performs 3.6x better than its x86 equivalent for running a containerized environment in Red Hat OpenShift. When all was added up, the S1022 was shown to lower TCO by 53%.

What makes Power-based servers perform so well in SAP and OpenShift?

The value of Power is derived both from the CPU architecture and the value IBM puts into the system and server design. The company is not afraid to design and deploy enhancements it believes will deliver better performance, higher security, and greater reliability for its customers. In the case of Power10, I believe there are a few design factors that have contributed to the performance and price//performance advantages the company claims, including

  • Use Differential DIMM technology to increase memory bandwidth, allowing for better performance from memory-intensive workloads such as in-memory database environments.
  • Built-in AI inferencing engines that increase performance by up to 5x.
  • Transparent memory encryption performs this function with no performance tax (note: AMD has had this technology for years, and Intel introduced about a year ago).

These seemingly minor differences can add up to deliver significant performance benefits for workloads running in the datacenter. But some of this comes down to a very powerful (pardon the redundancy) core design. While x86 dominates the datacenter in unit share, IBM has maintained a loyal customer base because the Power CPUs are workhorses, and Power servers are performant, secure, and reliable for mission critical applications.

Consumption-based offerings

Like other server vendors, IBM sees the writing on the wall and has opened up its offerings to be consumed in a way that is most beneficial to its customers. Traditional acquisition model? Check. Pay as you go with hardware in your datacenter? Also, check. Cloud-based offerings? One more check.

While there is nothing revolutionary about what IBM is doing with how customers consume its technology, it is important to note that IBM is the only server vendor that also runs a global cloud service (IBM Cloud). This should enable the company to pass on savings to its customers while providing greater security and manageability.

Closing thoughts

I like what IBM is doing to maintain and potentially grow its market presence. The new Power10 lineup is designed to meet customers' entire range of performance and cost requirements without sacrificing any of the differentiated design and development that the company puts into its mission critical platforms.

Will this announcement move x86 IT organizations to transition to IBM? Unlikely. Nor do I believe this is IBM's goal. However, I can see how businesses concerned with performance, security, and TCO of their mission and business-critical workloads can find a strong argument for Power. And this can be the beginning of a more substantial Power presence in the datacenter.

Note: This analysis contains insights from Moor Insights & Strategy Founder and Chief Analyst, Patrick Moorhead.

Moor Insights & Strategy, like all research and tech industry analyst firms, provides or has provided paid services to technology companies. These services include research, analysis, advising, consulting, benchmarking, acquisition matchmaking, and speaking sponsorships. The company has had or currently has paid business relationships with 8×8, Accenture, A10 Networks, Advanced Micro Devices, Amazon, Amazon Web Services, Ambient Scientific, Anuta Networks, Applied Brain Research, Applied Micro, Apstra, Arm, Aruba Networks (now HPE), Atom Computing, AT&T, Aura, Automation Anywhere, AWS, A-10 Strategies, Bitfusion, Blaize, Box, Broadcom, C3.AI, Calix, Campfire, Cisco Systems, Clear Software, Cloudera, Clumio, Cognitive Systems, CompuCom, Cradlepoint, CyberArk, Dell, Dell EMC, Dell Technologies, Diablo Technologies, Dialogue Group, Digital Optics, Dreamium Labs, D-Wave, Echelon, Ericsson, Extreme Networks, Five9, Flex, Foundries.io, Foxconn, Frame (now VMware), Fujitsu, Gen Z Consortium, Glue Networks, GlobalFoundries, Revolve (now Google), Google Cloud, Graphcore, Groq, Hiregenics, Hotwire Global, HP Inc., Hewlett Packard Enterprise, Honeywell, Huawei Technologies, IBM, Infinidat, Infosys, Inseego, IonQ, IonVR, Inseego, Infosys, Infiot, Intel, Interdigital, Jabil Circuit, Keysight, Konica Minolta, Lattice Semiconductor, Lenovo, Linux Foundation, Lightbits Labs, LogicMonitor, Luminar, MapBox, Marvell Technology, Mavenir, Marseille Inc, Mayfair Equity, Meraki (Cisco), Merck KGaA, Mesophere, Micron Technology, Microsoft, MiTEL, Mojo Networks, MongoDB, MulteFire Alliance, National Instruments, Neat, NetApp, Nightwatch, NOKIA (Alcatel-Lucent), Nortek, Novumind, NVIDIA, Nutanix, Nuvia (now Qualcomm), onsemi, ONUG, OpenStack Foundation, Oracle, Palo Alto Networks, Panasas, Peraso, Pexip, Pixelworks, Plume Design, PlusAI, Poly (formerly Plantronics), Portworx, Pure Storage, Qualcomm, Quantinuum, Rackspace, Rambus, Rayvolt E-Bikes, Red Hat, Renesas, Residio, Samsung Electronics, Samsung Semi, SAP, SAS, Scale Computing, Schneider Electric, SiFive, Silver Peak (now Aruba-HPE), SkyWorks, SONY Optical Storage, Splunk, Springpath (now Cisco), Spirent, Splunk, Sprint (now T-Mobile), Stratus Technologies, Symantec, Synaptics, Syniverse, Synopsys, Tanium, Telesign,TE Connectivity, TensTorrent, Tobii Technology, Teradata,T-Mobile, Treasure Data, Twitter, Unity Technologies, UiPath, Verizon Communications, VAST Data, Ventana Micro Systems, Vidyo, VMware, Wave Computing, Wellsmith, Xilinx, Zayo, Zebra, Zededa, Zendesk, Zoho, Zoom, and Zscaler. Moor Insights & Strategy founder, CEO, and Chief Analyst Patrick Moorhead is an investor in dMY Technology Group Inc. VI, Dreamium Labs, Groq, Luminar Technologies, MemryX, and Movandi.

Wed, 13 Jul 2022 12:00:00 -0500 Matt Kimball en text/html https://www.forbes.com/sites/moorinsights/2022/07/14/ibm-expands-its-power10-portfolio-for-mission-critical-applications/
Killexams : The Value Of Mobile: Lessons Learned From The Pandemic

CEO and Founder of InterPro Solutions, offering a suite of award-winning mobile Ops & Maintenance apps designed exclusively for IBM Maximo.

Over the past two years, I—and others—in the mobile technology industry have written about how mobile solutions became invaluable tools in maintaining and managing physical assets in large facilities ranging from college campuses to power generation plants, hospitals and more during the pandemic.

The driving factor for mobile asset management solution adoption during the pandemic was that these solutions minimized person-to-person contact. Instead of dozens of technicians reporting to the dispatch office each morning to pick up paper maintenance and repair work orders, assignments were distributed via mobile apps. At the end of the day, that return trip to the dispatch office was also eliminated since all work details were captured at point of service via the technician’s mobile device. The value equation was very clear—eliminate the need for the technicians to gather and therefore minimize the chance of person-to-person transmission of the virus.

While mobile solutions were effective in minimizing person-to-person contact, there were additional lessons learned and business benefits captured beyond the initial safety imperatives.

Capturing accurate, detailed data is crucial.

By arming technicians with mobile devices, facilities had a real-time view into work activities. With the use of NFC (near field communication) tags, geo-fencing and built-in bar code readers, maintenance managers were instantly aware when a technician arrived on the job. As the technician input work details, along with start and stop times, crew managers had real-time updates on the progress of repairs. Using in-app messaging, crew members could consult with each other without face-to-face contact—with the added benefit of that conversation being saved to the work record.

Using other capabilities such as voice-to-text, technicians captured details on issues and provided important notes for the next technician. Needless to say, this was more efficient than returning a paper work order back to the dispatch office to be typed into the organization’s enterprise asset management system.

Use data to predict and prepare for future problems.

The big “ah-ha” with this switch to mobile was the improvement in data quality, which directly translated to increased uptime for the machinery and equipment. Now instead of asking the data entry team to decipher handwritten service notes, technicians are prompted to capture data in a structured way, including the ability to make the capture of certain data elements mandatory.

This structured data capture then opened the door for data analysis and modeling to predict, and therefore prevent, equipment failures. The use of voice-to-text, audio and pictures to document asset health translated to reduced repair hours and increased first-fix rates—armed with a full understanding of the repair history and prior diagnostics, problems can be diagnosed quicker, and technicians can arrive with the proper tools and parts in hand.

Focus on efficiencies.

Other device features, such as maps, provided massive efficiencies. Maps were able to guide technicians to the proper address or building, and with GIS, also to the correct floor and exact asset location—even when the asset was inside a wall or internal to a large piece of equipment. In addition, mapping capabilities allow schedulers to group jobs by proximity to minimize travel time or optimize routes for technicians who travel to perform inspections.

For more mature mobile installations, the list goes on. Using apps, organizations could directly capture labor hours for each job, and in many instances, integrate with HR and payroll systems. Other organizations extended their mobile functionality to enable parts requests from stock rooms and even generate requisitions and/or purchase orders for items not in stock. Many have also equipped their outside vendors, e.g., elevator technicians or licensed tradesman that they don’t have on staff, to generate the same efficiencies they’re enjoying with their in-house maintenance team.

Spend time researching in order to create meaningful solutions.

If your organization has yet to invest in a mobile asset management solution, or you’re just getting started, understand that it’s a journey, not a one-time fix. Don’t fall into the trap of replicating a paper form on a mobile device—spend the time to think through which data are critical to your operation. Are you asking for data you already have? Are you asking for data that you won’t use in any meaningful way? Sit down with your technicians to understand what they do in the field, and design your mobile app to support the way they actually work.

Where possible, create workflows that guide the technician through the repair/inspection and prompt the technician for the specific data you need—ideally with dropdowns, radio buttons or voice commands that minimize the need to type. I've found this approach not only improves data quality, but also improves user adoption. Technicians will embrace the use of a mobile app it makes their jobs easier—and will resist if it just adds more work to their already full plate.

Prepare for the potential challenges of mobile adoption.

The use of mobile devices is generally welcomed by technicians—85% of the U.S. population owns a smartphone. Since veteran workers typically have the greatest technical expertise, getting them onboard with mobile is critical. Teaming a younger, “born-digital” employee with a veteran employee is a good way for the younger employee to gain technical expertise while allowing the veteran gain comfort with the mobile device.

Another challenge sometimes encountered is a fear of being tracked by the mobile device. While some level of tracking is often desired by the organization, e.g., being able to map the location of technicians to minimize travel between jobs, it may be perceived as surveillance. In my experience, it’s best to have a written mobile device use policy that clarifies what is and isn’t being tracked and what’s expected of your workforce, including individual responsibilities and restrictions on use.

Covid-19 forced organizations to rethink how they do business. Managing a large facility with hundreds of technicians is a difficult job, even in the best of times. In response, many organizations scrambled to adopt mobile asset management tools that would allow them to implement safety measures. As restrictions have eased, organizations have come to realize that these mobile tools have also resulted in labor efficiencies and equipment up-time gains—and made their facilities teams more responsive to their organizations.

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Tue, 02 Aug 2022 01:45:00 -0500 Bill Fahey en text/html https://www.forbes.com/sites/forbesbusinesscouncil/2022/08/02/the-value-of-mobile-lessons-learned-from-the-pandemic/
Killexams : IBM Expands Hybrid Cloud Services for Customers

IBM has announced that its hybrid cloud services are now generally available in any environment, on any cloud, on premises or at the edge — via IBM Cloud Satellite.

Lumen Technologies and IBM have integrated IBM Cloud Satellite with the Lumen edge platform to enable clients to harness hybrid cloud services in near real-time and build innovative solutions at the edge.

IBM Cloud Satellite brings a secured, unifying layer of cloud services for clients across environments, regardless of where their data resides. This is essential to help address critical data privacy and data sovereignty requirements. Industries including telecommunications, financial services, healthcare and government can now benefit from reduced latency that comes with analyzing data securely at the edge, the company said in a statement.

It added that workloads related to online learning, remote work, telehealth services and more can now be delivered with increased efficiency and security with IBM Cloud Satellite. As workloads shift to the edge, IBM Cloud Satellite will help clients deliver low latency, while still enabling them to have the same levels of security, data privacy, interoperability and open standards found in hybrid cloud environments.

IBM said it would also extend Watson Anywhere with the availability of IBM Cloud Pak for Data as a Service with IBM Cloud Satellite. This, the company said, would provide clients a flexible, secure way to run their Artificial Intelligence (AI) and analytics workloads as services across any environment, without having to manage them on their own.

Senior Vice President, Enterprise Product Management and Services at Lumen, Paul Savill, said: “With the Lumen platform’s broad reach, we are giving our enterprise customers access to IBM Cloud Satellite to help them drive innovation more rapidly at the edge.”

According to him, “Our enterprise customers can now extend IBM Cloud services across Lumen’s robust global network, enabling them to deploy data-heavy edge applications that demand high security and ultra-low latency.

By bringing secure and open hybrid cloud capabilities to the edge, our customers can propel their businesses forward and take advantage of the emerging applications of the 4th Industrial Revolution.”

As part of this collaboration, customers will be able to: Deploy applications across more than 180,000 connected enterprise locations on the Lumen network to provide a low latency experience; Create cloud-enabled solutions at the edge that leverage application management and orchestration via IBM Cloud Satellite; and Build open, interoperable platforms that provide customers greater deployment flexibility and more seamless access to cloud native services like AI, IoT and edge computing.

Head of IBM Hybrid Cloud Platform, Howard Boville, said: “IBM is working with clients to leverage advanced technologies like edge computing and AI, enabling them to digitally transform with hybrid cloud while keeping data security at the forefront. With IBM Cloud Satellite, clients can securely gain the benefits of cloud services anywhere, from the core of the data center to the farthest reaches of the network.”

Thu, 21 Jul 2022 12:00:00 -0500 en-US text/html https://www.thisdaylive.com/index.php/2021/03/25/ibm-expands-hybrid-cloud-services-for-customers/
Killexams : Enterprise Mobile Device Market Share, SWOT Analysis | Top Players Honeywell International Inc., IBM Corporation, Cisco Systems, Inc.

Enterprise Mobile Device Market Information:

New York, United States: Enterprise Mobile Device market report is an expert’s study that focuses mostly on businesses, categories, applications, regions, and other subcategories. In addition to this, the reports include an analysis of sales and revenue, as well as trade, competition, investment, and projections. Global enterprise mobile device market by network security is expected to grow at CAGR 25.9% during the forecast period 2019–2026. Enterprise Mobile Device Market Research studies explore the effects of COVID-19 on the upstream, midstream, and downstream sectors of the industry. In addition, this analysis provides extensive market estimations by putting an emphasis on data covering numerous factors that encompass market dynamics such as market drivers, market barriers, market opportunities, market risks, and industry news and trends.

Competitive Players

Some of the key players operating in the Enterprise Mobile Device market are Honeywell International Inc., IBM Corporation, Cisco Systems, Inc., Oracle Corporation, Huawei Technologies Co., Ltd., Microsoft Corporation, BlackBerry Limited, AT&T INC., Samsung, AirWatch (VMware, Inc.), MobileIron, Inc., and Apple Inc,

Get Free Request sample Report @ https://straitsresearch.com/report/enterprise-mobile-device-market/request-sample

The Enterprise Mobile Device market report helps a wide range of businesses figure out what their consumers truly want by doing extensive market research. When it comes to new products, every company owner wants to know how much demand there is, and this report is a great resource. Additional benefits include ensuring that the most exact market developments are covered. You may keep a close check on key rivals and their company growth tactics by memorizing the Enterprise Mobile Device market research. It also does an in-depth research for the years 2022-2030 in order to provide company owners with new business options.

This research also provides a dashboard view of prominent Organization, highlighting their effective marketing tactics, market share and most exact advances in both historical and current settings.

Global Enterprise Mobile Device Market: Segmentation

By Solution, Data security, Device security, Network security, Others
By Devices, Smartphones, Laptops, Tablets
By Industries, BFSI, Manufacturing, Telecom, Retail, Healthcare, Others

The report forecasts revenue growth at all the geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2022 to 2030 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:

  • North America (U.S., Canada)
  • Europe (U.K., Germany, France, Italy)
  • Asia Pacific (China, India, Japan, Singapore, Malaysia)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

This Report is available for purchase on Buy Enterprise Mobile Device Market Report

Key Highlights

  • In order to explain Enterprise Mobile Device the following: introduction, product type and application, market overview, market analysis by countries, market opportunities, market risk, and market driving forces
  • The purpose of this study is to examine the manufacturers of Enterprise Mobile Device, including profile, primary business, and news, sales and price, revenue, and market share.
  • To provide an overview of the competitive landscape among the leading manufacturers in the world, including sales, revenue, and market share of Enterprise Mobile Device percent
  • In order to illustrate the market subdivided by kind and application, complete with sales, price, revenue, market share, and growth rate broken down by type and application
  • To conduct an analysis of the main regions by manufacturers, categories, and applications, covering regions such as North America, Europe, Asia Pacific, the Middle East, and South America, with sales, revenue, and market share segmented by manufacturers, types, and applications.
  • To conduct an investigation into the production costs, essential raw materials, and production method, etc.

Principal Motives Behind the Purchase:

  • To get deep analyses of the industry and to have a complete comprehension of the commercial landscape of the global market.
  • Analyse the production processes, key problems, and potential solutions in order to reduce the potential for future problems.
  • The goal of this study is to get an understanding of the most influential driving and restraining factors in the Enterprise Mobile Device industry as well as the influence that this market has on the worldwide market.
  • Gain an understanding of the market strategies that are now being used by the most successful firms in their respective fields.
  • In order to have an understanding of the market’s future and potential.

Read Full Report with Table of Content and Figures Enterprise Mobile Device Market Report with TOC

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Sun, 17 Jul 2022 21:14:00 -0500 Newsmantraa en-US text/html https://www.digitaljournal.com/pr/enterprise-mobile-device-market-share-swot-analysis-top-players-honeywell-international-inc-ibm-corporation-cisco-systems-inc
Killexams : Consumers are feeling the impact of record data breach costs, IBM says

IBM said 60pc of organisations raised their product or service prices due to a data breach.

Consumers are feeling the effects of data breaches as the average cost of a breach has reached a record high of $4.35m, according to the latest IBM Security report.

The report suggests data breach costs have increased by nearly 13pc over the last two years. It also highlights the lingering impact these breaches can have, as nearly 50pc of the costs are incurred more than a year after the breach.

Rising costs are also causing impacts for consumers, as 60pc of surveyed organisations raised their product or service prices due to a data breach. IBM noted that this is occurring at a time when the cost of goods is soaring worldwide amid inflation and supply chain issues.

Compromised credentials continued to be the most common cause of a breach, standing at 19pc. This was followed by phishing at 16pc, which was also the most costly cause of a breach, leading to $4.91m in average breach costs for responding organisations.

IBM’s report last year noted that the rapid shift to remote working and operations during the pandemic had an impact on the average cost of a data breach.

Critical infrastructure impact

IBM found that ransomware and destructive attacks represented 28pc of breaches among critical infrastructure organisations studied. This includes companies in financial services, industry, transport and healthcare.

Despite the risks that a data breach poses for these organisations and global warnings about cyberattacks in this space, only 21pc of critical infrastructure organisations studied have adopted a zero-trust security model.

IBM said 17pc of critical infrastructure breaches were caused due to a business partner being compromised first.

Healthcare in particular is facing the pressure of rising data breach costs. This sector saw the highest-cost breaches for the 12th year in a row. Average data breach costs for healthcare organisations increased by nearly $1m to reach a record high of $10.1m.

A report last month by cybersecurity firm Rapid7 found that financial data is leaked most often from ransomware attacks, followed by customer or patient data.

It doesn’t pay to pay

In cases of ransomware attacks, paying a ransom is generally not advised by cybersecurity experts. IBM’s report suggests that companies do not feel benefits if they choose to pay the demands of a ransomware attacker.

The report found businesses that paid ransom demands saw only $610,000 less in average breach costs compared to those that chose not to pay, not including the ransom amount.

However, when accounting for the average ransom payment – estimated to be $812,000 in 2021 – the report suggests businesses that pay could net higher total costs, while also potentially funding future cyberattacks.

Hybrid cloud advantage

IBM found that businesses that adopted a hybrid cloud model observed lower breach costs compared to businesses with a solely public or private cloud model.

Hybrid cloud environments were also the most prevalent infrastructure among studied organisations, at 45pc.

The report highlighted that 45pc of studied breaches occurred in the cloud, emphasising an importance of cloud security. However, 43pc of organisations in the report stated they are only in the early stages or have not started implementing security practices to protect their cloud environments.

More than 60pc of studied organisations said they are not sufficiently staffed to meet their security needs. These organisations averaged $550,000 more in breach costs than those that said they are sufficiently staffed.

“The more businesses try to perfect their perimeter instead of investing in detection and response, the more breaches can fuel cost of living increases,” said IBM Security X-Force global head Charles Henderson.

“This report shows that the right strategies coupled with the right technologies can help make all the difference when businesses are attacked.”

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Tue, 26 Jul 2022 23:07:00 -0500 en text/html https://www.siliconrepublic.com/enterprise/data-breach-costs-consumers-ibm-security
Killexams : Enterprise Knowledge Management System Market 2022 Depth Investigation And Analysis Report On Key Players 2030

The MarketWatch News Department was not involved in the creation of this content.

Aug 01, 2022 (Alliance News via COMTEX) -- Key Companies Covered in the Enterprise Knowledge Management System Research are Alfanar, Chris Lewis Group, Cisco, Enlighted, GoTo Room, IQBoard, Komstadt, Logitech, Microsoft, Poly, Scenariio, Smart Systems(Smarthomes Chattanooga), TecinteracaBloomfire, Callidus Software Inc., Chadha Software Technologies, ComAround, Computer Sciences Corporation(APQC), EduBrite Systems, EGain Ernst Young, IBM Global Services, Igloo, KMS Lighthouse, Knosys, Moxie Software, Open Text Corporation, ProProfs, Right Answers, Transversal, Yonyx, Glean, IntraFindtive, TIS Control, Vox Audio Visual, Webex, Yealink and other key market players.

The global Enterprise Knowledge Management System market size will reach USD million in 2030, growing at a CAGR of % during the analysis period.

As the global economy recovers in 2021 and the supply of the industrial chain improves, the Enterprise Knowledge Management System market will undergo major changes. According to the latest research, the market size of the Enterprise Knowledge Management System industry in 2021 will increase by USD million compared to 2020, with a growth rate of %.

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The global Enterprise Knowledge Management System industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.

The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global Enterprise Knowledge Management System market during the next few years.

Types list

Application list
Large Enterprise

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Key Segments Studied in the Global Enterprise Knowledge Management SystemMarket

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Analysis on COVID-19 Outbreak Impact Include:
In light of COVID-19, the report includes a range of factors that impacted the market. It also discusses the trends. Based on the upstream and downstream markets, the report precisely covers all factors, including an analysis of the supply chain, consumer behavior, demand, etc. Our report also describes how vigorously COVID-19 has affected diverse regions and significant nations.

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Sun, 31 Jul 2022 21:20:00 -0500 en-US text/html https://www.marketwatch.com/press-release/enterprise-knowledge-management-system-market-2022-depth-investigation-and-analysis-report-on-key-players-2030-2022-08-01
Killexams : Top 10 data lake solution vendors in 2022

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As the world becomes increasingly data-driven, businesses must find suitable solutions to help them achieve their desired outcomes. Data lake storage has garnered the attention of many organizations that need to store large amounts of unstructured, raw information until it can be used in analytics applications.

The data lake solution market is expected to grow rapidly in the coming years and is driven by vendors that offer cost-effective, scalable solutions for their customers.

Learn more about data lake solutions, what key features they should have and some of the top vendors to consider this year. 

What is a data lake solution?

A data lake is defined as a single, centralized repository that can store massive amounts of unstructured and semi-structured information in its native, raw form. 

It’s common for an organization to store unstructured data in a data lake if it hasn’t decided how that information will be used. Some examples of unstructured data include images, documents, videos and audio. These data types are useful in today’s advanced machine learning (ML) and advanced analytics applications.

Data lakes differ from data warehouses, which store structured, filtered information for specific purposes in files or folders. Data lakes were created in response to some of the limitations of data warehouses. For example, data warehouses are expensive and proprietary, cannot handle certain business use cases an organization must address, and may lead to unwanted information homogeneity.

On-premise data lake solutions were commonly used before the widespread adoption of the cloud. Now, it’s understood that some of the best hosts for data lakes are cloud-based platforms on the edge because of their inherent scalability and considerably modular services. 

A 2019 report from the Government Accountability Office (GAO) highlights several business benefits of using the cloud, including better customer service and the acquisition of cost-effective options for IT management services.

Cloud data lakes and on-premise data lakes have pros and cons. Businesses should consider cost, scale and available technical resources to decide which type is best.

Read more about data lakes: What is a data lake? Definition, benefits, architecture and best practices

5 must-have features of a data lake solution

It’s critical to understand what features a data lake offers. Most solutions come with the same core components, but each vendor may have specific offerings or unique selling points (USPs) that could influence a business’s decision.

Below are five key features every data lake should have:

1. Various interfaces, APIs and endpoints

Data lakes that offer diverse interfaces, APIs and endpoints can make it much easier to upload, access and move information. These capabilities are important for a data lake because it allows unstructured data for a wide range of use cases, depending on a business’s desired outcome.

2. Support for or connection to processing and analytics layers

ML engineers, data scientists, decision-makers and analysts benefit most from a centralized data lake solution that stores information for easy access and availability. This characteristic can help data professionals and IT managers work with data more seamlessly and efficiently, thus improving productivity and helping companies reach their goals.

3. Robust search and cataloging features

Imagine a data lake with large amounts of information but no sense of organization. A viable data lake solution must incorporate generic organizational methods and search capabilities, which provide the most value for its users. Other features might include key-value storage, tagging, metadata, or tools to classify and collect subsets of information.

4. Security and access control

Security and access control are two must-have features with any digital tool. The current cybersecurity landscape is expanding, making it easier for threat actors to exploit a company’s data and cause irreparable damage. Only certain users should have access to a data lake, and the solution must have strong security to protect sensitive information.

5. Flexibility and scalability

More organizations are growing larger and operating at a much faster rate. Data lake solutions must be flexible and scalable to meet the ever-changing needs of modern businesses working with information.

Also read: Unlocking analytics with data lake and graph analysis

Top 10 data lake solution vendors in 2022

Some data lake solutions are best suited for businesses in certain industries. In contrast, others may work well for a company of a particular size or with a specific number of employees or customers. This can make choosing a potential data lake solution vendor challenging. 

Companies considering investing in a data lake solution this year should check out some of the vendors below.

1. Amazon Web Services (AWS)

The AWS Cloud provides many essential tools and services that allow companies to build a data lake that meets their needs. The AWS data lake solution is widely used, cost-effective and user-friendly. It leverages the security, durability, flexibility and scalability that Amazon S3 object storage offers to its users. 

The data lake also features Amazon DynamoDB to handle and manage metadata. AWS data lake offers an intuitive, web-based console user interface (UI) to manage the data lake easily. It also forms data lake policies, removes or adds data packages, creates manifests of datasets for analytics purposes, and features search data packages.

2. Cloudera

Cloudera is another top data lake vendor that will create and maintain safe, secure storage for all data types. Some of Cloudera SDX’s Data Lake Service capabilities include:

  • Data schema/metadata information
  • Metadata management and governance
  • Compliance-ready access auditing
  • Data access authorization and authentication for improved security

Other benefits of Cloudera’s data lake include product support, downloads, community and documentation. GSK and Toyota leveraged Cloudera’s data lake to garner critical business intelligence (BI) insights and manage data analytics processes.

3. Databricks 

Databricks is another viable vendor, and it also offers a handful of data lake alternatives. The Databricks Lakehouse Platform combines the best elements of data lakes and warehouses to provide reliability, governance, security and performance.

Databricks’ platform helps break down silos that normally separate and complicate data, which frustrates data scientists, ML engineers and other IT professionals. Aside from the platform, Databricks also offers its Delta Lake solution, an open-format storage layer that can Boost data lake management processes. 

4. Domo

Domo is a cloud-based software company that can provide big data solutions to all companies. Users have the freedom to choose a cloud architecture that works for their business. Domo is an open platform that can augment existing data lakes, whether it’s in the cloud or on-premise. Users can use combined cloud options, including:

  • Choosing Domo’s cloud
  • Connecting to any cloud data
  • Selecting a cloud data platform

Domo offers advanced security features, such as BYOK (bring your own key) encryption, control data access and governance capabilities. Well-known corporations such as Nestle, DHL, Cisco and Comcast leverage the Domo Cloud to better manage their needs.

5. Google Cloud

Google is another big tech player offering customers data lake solutions. Companies can use Google Cloud’s data lake to analyze any data securely and cost-effectively. It can handle large volumes of information and IT professionals’ various processing tasks. Companies that don’t want to rebuild their on-premise data lakes in the cloud can easily lift and shift their information to Google Cloud. 

Some key features of Google’s data lakes include Apache Spark and Hadoop migration, which are fully managed services, integrated data science and analytics, and cost management tools. Major companies like Twitter, Vodafone, Pandora and Metro have benefited from Google Cloud’s data lakes.

6. HP Enterprise

Hewlett Packard Enterprise (HPE) is another data lake solution vendor that can help businesses harness the power of their big data. HPE’s solution is called GreenLake — it offers organizations a truly scalable, cloud-based solution that simplifies their Hadoop experiences. 

HPE GreenLake is an end-to-end solution that includes software, hardware and HPE Pointnext Services. These services can help businesses overcome IT challenges and spend more time on meaningful tasks. 

7. IBM

Business technology leader IBM also offers data lake solutions for companies. IBM is well-known for its cloud computing and data analytics solutions. It’s a great choice if an operation is looking for a suitable data lake solution. IBM’s cloud-based approach operates on three key principles: embedded governance, automated integration and virtualization.

These are some data lake solutions from IBM: 

  • IBM Db2
  • IBM Db2 BigSQL
  • IBM Netezza
  • IBM Watson Query
  • IBM Watson Knowledge Catalog
  • IBM Cloud Pak for Data

With so many data lakes available, there’s surely one to fit a company’s unique needs. Financial services, healthcare and communications businesses often use IBM data lakes for various purposes.

8. Microsoft Azure

Microsoft offers its Azure Data Lake solution, which features easy storage methods, processing, and analytics using various languages and platforms. Azure Data Lake also works with a company’s existing IT investments and infrastructure to make IT management seamless.

The Azure Data Lake solution is affordable, comprehensive, secure and supported by Microsoft. Companies benefit from 24/7 support and expertise to help them overcome any big data challenges they may face. Microsoft is a leader in business analytics and tech solutions, making it a popular choice for many organizations.

9. Oracle

Companies can use Oracle’s Big Data Service to build data lakes to manage the influx of information needed to power their business decisions. The Big Data Service is automated and will provide users with an affordable and comprehensive Hadoop data lake platform based on Cloudera Enterprise. 

This solution can be used as a data lake or an ML platform. Another important feature of Oracle is it is one of the best open-source data lakes available. It also comes with Oracle-based tools to add even more value. Oracle’s Big Data Service is scalable, flexible, secure and will meet data storage requirements at a low cost.

10. Snowflake

Snowflake’s data lake solution is secure, reliable and accessible and helps businesses break down silos to Boost their strategies. The top features of Snowflake’s data lake include a central platform for all information, fast querying and secure collaboration.

Siemens and Devon Energy are two companies that provide testimonials regarding Snowflake’s data lake solutions and offer positive feedback. Another benefit of Snowflake is its extensive partner ecosystem, including AWS, Microsoft Azure, Accenture, Deloitte and Google Cloud.

The importance of choosing the right data lake solution vendor 

Companies that spend extra time researching which vendors will offer the best enterprise data lake solutions for them can manage their information better. Rather than choose any vendor, it’s best to consider all options available and determine which solutions will meet the specific needs of an organization.

Every business uses information, some more than others. However, the world is becoming highly data-driven — therefore, leveraging the right data solutions will only grow more important in the coming years. This list will help companies decide which data lake solution vendor is right for their operations.

Read next: Get the most value from your data with data lakehouse architecture

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Fri, 15 Jul 2022 07:14:00 -0500 Shannon Flynn en-US text/html https://venturebeat.com/2022/07/15/top-10-data-lake-solution-vendors-in-2022/
Killexams : TONE Acquires the CASI Suite of z/OS Output Transformation Products

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

ANAHEIM, Calif., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Tone Software Corporation, a global provider of management and productivity solutions for IBM Z mainframes, announced the acquisition of the JES2Mail, JES2FTP, Mail2ZOS, and CICS2PDF host output transformation and delivery products from CASI Software, Inc.

Collectively, both organizations have provided mission-critical z/OS infrastructure and output management solutions to hundreds of world-wide customers for decades. Effective June 1, 2022, the acquisition of the CASI JES2Mail suite will expand Tone’s OMC z/OS Output Management offerings for mainframe shops seeking to deliver the right information to the right users, in the most cost effective format for the business. Further, the combination of OMC with the CASI product suite enables legacy z/OS applications, including CICS transactional applications, to send host output directly to users’ email inboxes, in a familiar format that is highly portable and secure.

“Today’s mainframe environments are modernizing – particularly where output is concerned. Tone’s OMC products have long delivered output to host and TCP/IP attached printers and servers across the enterprise. While selective printing is always needed, z/OS output can be highly effective when delivered via email in PDF, spreadsheet, or custom report formats,” stated Shirley Balarezo, president of Tone Software.
“Acquiring the JES2Mail products positions Tone to help mainframe shops deliver host output in the most convenient format and media for each user, on the most cost efficient platform. The results are optimized business processes that modernize the mainframe environment for the future,” she concluded.

Customer Experience Takes Top Priority

Both organizations entered the acquisition deal with identical priorities top of mind: ensure current CASI customers enjoy full technology benefits and zero disruption to their ongoing product support needs. As such, the CASI management and technical teams are working directly with Tone throughout the next year to provide a smooth transition of products and services for all CASI users.

“We are pleased to enter into this agreement with Tone and provide a logical home for the JES2Mail/FTP, CICS2PDF, and Mail2ZOS products and customers,” stated Robert LaBayne, president and founder of CASI Software, Inc. “The acquisition will leverage our respective product capabilities, bring greater value to our z/OS customers, and provide a solid foundation for expanding CASI technologies going forward,” he added.

For further information on Tone’s acquisition of the CASI JES2Mail, JES2FTP, CICS2PDF, and Mail2ZOS products and customers, visit the Tone website: Tone Acquires CASI Products.

About Tone Software Corporation

Tone Software Corporation is a global provider of business computing software that addresses mainframe productivity, JES Spool management, dynamic STEPLIB and ISPF library management, cross-platform output management, TSO optimization and enterprise automation. Tone’s System Z solutions provide significant productivity and savings benefits to organizations, and directly benefit the IT teams responsible for managing, automating, supporting, and maintaining the critical z/OS host systems and applications pivotal to their company’s core mission. With a firm foundation of proven ability spanning more than four decades, TONE has built an unparalleled reputation for delivering premier software solutions and exceptional customer service and support 24 hours a day, 365 days a year. For information, visit www.tonesoft.com/mainframe.

Tracey Whitney
Tone Software Corporation
(714) 991-9460


Tue, 02 Aug 2022 00:03:00 -0500 en text/html https://apnews.com/press-release/globe-newswire/technology-software-1e43c8737607d58e96ca264a8ee764be
Killexams : IBM Expands Power10 Server Family to Help Clients Respond Faster to Rapidly Changing Business Demands

New Power10 scale-out and midrange models extend IBM's capabilities to deliver flexible and secured infrastructure for hybrid cloud environments

ARMONK, N.Y., July 12, 2022 /PRNewswire/ -- IBM (NYSE: IBM) today announced a significant expansion of its Power10 server line with the introduction of mid-range and scale-out systems to modernize, protect and automate business applications and IT operations. The new Power10 servers combine performance, scalability, and flexibility with new pay-as-you-go consumption offerings for clients looking to deploy new services quickly across multiple environments.

IBM Corporation logo. (PRNewsfoto/IBM)

IBM announced an expansion of its Power10 server line with mid-range and scale-out systems.

Digital transformation is driving organizations to modernize both their applications and IT infrastructures. IBM Power systems are purpose-built for today's demanding and dynamic business environments, and these new systems are optimized to run essential workloads such as databases and core business applications, as well as maximize the efficiency of containerized applications. An ecosystem of solutions with Red Hat OpenShift also enables IBM to collaborate with clients, connecting critical workloads to new, cloud-native services designed to maximize the value of their existing infrastructure investments.

The new servers join the popular Power10 E1080 server introduced in September 2021 to deliver a secured, resilient hybrid cloud experience that can be managed with other x86 and multi-cloud management software across clients' IT infrastructure. This expansion of the IBM Power10 family with the new midrange and scale-out servers brings high-end server capabilities throughout the product line. Not only do the new systems support critical security features such as transparent memory encryption and advanced processor/system isolation, but also leverage the OpenBMC project from the Linux Foundation for high levels of security for the new scale-out servers.

Highlights of the announcements include:

  • New systems: The expanded IBM Power10 portfolio, built around the next-generation IBM Power10 processor with 2x more cores and more than 2x memory bandwidth than previous Power generations, now includes the Power10 Midrange E1050, delivering record-setting 4-socket compute1, Java2, and ERP3 performance capabilities. New scale-out servers include the entry-level Power S1014, as well as S1022, and S1024 options, bringing enterprise capabilities to SMBs and remote-office/branch office environments, such as Capacity Upgrade on Demand (CuOD).

  • Cloud on premises with new flexible consumption choices: IBM has recently announced new flexible consumption offerings with pay-as-you-go options and by-the-minute metering for IBM Power Private Cloud, bringing more opportunities to help lower the cost of running OpenShift solutions on Power when compared against alternative platforms. These new consumption models build on options already available with IBM Power Virtual Server to enable greater flexibility in clients' hybrid journeys. Additionally, the highly anticipated IBM i subscription delivers a comprehensive platform solution with the hardware, software and support/services included in the subscription service.

  • Business transformation with SAP®: IBM continues its innovations for SAP solutions. The new midrange E1050 delivers scale (up to 16 TB) and performance for a 4-socket system for clients who run BREAKTHROUGH with IBM for RISE with SAP. In addition, an expansion of the premium supplier option is now available to provide more flexibility and computing power with an additional choice to run workloads on IBM Power on Red Hat Enterprise Linux on IBM Cloud.

"Today's highly dynamic environment has created volatility, from materials to people and skills, all of which impact short-term operations and long-term sustainability of the business," said Steve Sibley, Vice President, IBM Power Product Management. "The right IT investments are critical to business and operational resilience. Our new Power10 models offer clients a variety of flexible hybrid cloud choices with the agility and automation to best fit their needs, without sacrificing performance, security or resilience."

The expansion of the IBM Power10 family has been engineered to establish one of the industry's most flexible and broadest range of servers for data-intensive workloads such as SAP S/4HANA – from on-premises workloads to hybrid cloud. IBM now offers more ways to implement dynamic capacity – with metering across all operating environments including IBM i, AIX, Linux and OpenShift supporting modern and traditional applications on the same platforms – as well as integrated infrastructure automation software for improved visibility and management.

The new systems with IBM Power Virtual Server also help clients operate a secured hybrid cloud experience that delivers high performance and architectural consistency across their IT infrastructure. The systems are uniquely designed so as to protect sensitive data from core to cloud, and enable virtual machines and containerized workloads to run simultaneously on the same systems. For critical business workloads that have traditionally needed to reside on-premises, they can now be moved into the cloud as workloads and needs demand. This flexibility can help clients mitigate risk and time associated with rewriting applications for a different platform.

"As organizations around the world continue to adapt to unpredictable changes in consumer behaviors and needs, they need a platform that can deliver their applications and insights securely where and when they need them," said Peter Rutten, IDC Worldwide Infrastructure Research Vice President. "IBM Power continues its laser focus on helping clients respond faster to dynamically changing environments and business demands, while protecting information security and distilling new insights from data, all with high reliability and availability."

Ecosystem of ISVs and Channel Partners Enhance Capabilities for IBM Power10

Critical in the launch of the expanded Power10 family is a robust ecosystem of ISVs, Business Partners, and lifecycle services. Ecosystem partners such as SVA and Solutions II provide examples of how the IBM Ecosystem collaborates with clients to build hybrid environments, connecting essential workloads to the cloud to maximize the value of their existing infrastructure investments:

"SVA customers have appreciated the enormous flexibility of IBM Power systems through Capacity Upgrade On-Demand in the high-end systems for many years," said Udo Sachs, Head of Competence Center Power Systems at SVA. "The flexible consumption models using prepaid capacity credits have been well-received by SVA customers, and now the monthly pay-as-you-go option for the scale-out models makes the platform even more attractive. When it comes to automation, IBM helps us to roll out complex workloads such as entire SAP landscapes at the push of a button by supporting Ansible on all OS derivatives, including AIX, IBM i and Linux, as well as ready-to-use modules for deploying the complete Power infrastructure."

"Solutions II provides technology design, deployment, and managed services to hospitality organizations that leverage mission critical IT infrastructure to execute their mission, often requiring 24/7 operation," said Dan Goggiano, Director of Gaming, Solutions II. "System availability is essential to maintaining our clients' revenue streams, and in our experience, they rely on the stability and resilience of IBM Power systems to help solidify their uptime. Our clients are excited that the expansion of the Power10 family further extends these capabilities and bolsters their ability to run applications securely, rapidly, and efficiently."

For more information on IBM Power and the new servers and consumption models announced today, visit: https://www.ibm.com/it-infrastructure/power

About IBM

IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

1Comparison based on best performing 4-socket systems (IBM Power E1050 3.15-3.9 GHz, 96 core and Inspur NF8480M6 2.90 GHz, Intel Xeon Platinum 8380H) using published results at https://www.spec.org/cpu2017/results/rint2017.html as of 22 June 2022. For more information about SPEC CPU 2017, see https://www.spec.org/cpu2017/.

2Comparison based on best performing 4-socket systems (IBM Power E1050 3.15-3.9 GHz, 96 core; and Inspur NF8480M6 2.90 GHz, Intel Xeon Platinum 8380H) using published results at https://www.spec.org/cpu2017/results/rint2017.html as of 22 June 2022. For more information about SPEC CPU 2017, see www. http:/spec.org/cpu2017

3Comparison based on best performing 4-socket systems (1) IBM Power E1050; two-tier SAP SD standard application benchmark running SAP ERP 6.0 EHP5; Power10 2.95 GHz processor, 4,096 GB memory, 4p/96c/768t, 134,016 SD benchmark users, 736,420 SAPS, AIX 7.3, DB2 11.5,  Certification # 2022018  and (2) Dell EMC PowerEdge 840; two-tier SAP SD standard application benchmark running SAP ERP 6.0 EHP5; Intel Xeon Platinum 8280 2.7 GHz, 4p/112c/224t, 69,500 SD benchmark users (380,280 SAPS), SUSE Linux Enterprise Server 12 and SAP ASE 16, Certification # 2019045. All results can be found at sap.com/benchmark Valid as of 7 July 2022.

Ben Stricker


View original content to download multimedia:https://www.prnewswire.com/news-releases/ibm-expands-power10-server-family-to-help-clients-respond-faster-to-rapidly-changing-business-demands-301584186.html


Mon, 11 Jul 2022 16:21:00 -0500 en-US text/html https://www.yahoo.com/entertainment/ibm-expands-power10-server-family-040100099.html
Killexams : Kyndryl Holdings, Inc. (KD) CEO Martin Schroeter on Q1 2023 Results - Earnings Call Transcript

Kyndryl Holdings, Inc. (NYSE:KD) Q1 2023 Earnings Conference Call August 4, 2022 8:30 AM ET

Company Participants

Lori Chaitman - Global Head of Investor Relations

Martin Schroeter - Chairman and Chief Executive Officer

David Wyshner - Chief Financial Officer

Conference Call Participants

Tien-Tsin Huang - JPMorgan


Good morning, and welcome to the Kyndryl First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please be advised that today's call is being recorded.

I will now turn the call over to Lori Chaitman, Global Head of Investor Relations at Kyndryl. You may begin.

Lori Chaitman

Good morning, everyone, and welcome to Kyndryl's Earnings Call for the Quarter Ended June 30, 2022, the first quarter of our new fiscal year.

Before we begin, I'd like to remind everyone that our remarks today will include forward-looking statements. These statements are subject to risk factors that may cause our actual results to differ materially from those expressed or implied, and these statements speak only to our expectations as of today. For more details on some of these risks, please see the Risk Factors section of our annual report on Form 10-K for the year ended December 31, 2021.

Kyndryl does not update forward-looking statements and disclaims any obligation to do so. In today's remarks, we will also refer to certain non-GAAP financial measures. Corresponding GAAP measures and a reconciliation of non-GAAP measures to GAAP measures for historical periods are provided in the presentation materials for today's event, which are available on our website at investor.kyndryl.com.

With me here today are Kyndryl's Chairman and Chief Executive Officer, Martin Schroeter; and Kyndryl's Chief Financial Officer, David Wyshner. Following our prepared remarks, we will hold a Q&A session.

I'd now like to turn it over to our Chairman and CEO, Martin Schroeter. Martin?

Martin Schroeter

Thank you, Lori, and thanks to each of you for joining us today. I am enthusiastic about our momentum and proud of what the team has accomplished over the last 3 months. On today's call, we'll share Kyndryl's quarterly results and update you on our progress. I'll discuss our strategy and how we're executing on our 3 As initiatives, alliances, advanced delivery and accounts, which are driving us toward profitable growth. Then David will provide more detail on our first quarter financial results, reaffirm our fiscal 2023 outlook and linked our exact progress to our financial goals.

It's been nine months since Kyndryl became an independent publicly traded company, and I am just as excited today about the opportunity ahead as I was on day 1. As you can imagine, there's never a no moment post-spin. There's plenty of work to do to transition internal processes, build the new culture and seize market opportunities. For those of you who are new to the Kyndryl story, prior to our spin-off last November, we operated largely as a captive services provider, focused on supporting the products and technologies that IBM offered to its customers. Today, we are the world's largest IT infrastructure services company designing, managing and modernizing complex mission-critical systems at scale for some of the world's largest organizations.

I'm proud of how quickly we're charting a new course to better serve our customers through our new alliances with a range of top-tier technology providers and enhancements of our services delivery driven by upskilling and automation fueled by data, IP and best practices. Our new freedom of action has given us the opportunity to be part of a much larger and growing ecosystem that really matters to our customers, expanding our addressable market from about $240 billion to $415 billion and growing. By 2024, this IT services market is expected to grow to about $510 billion.

Our expanded collaborations with leading technology providers are making us more relevant to our customers and allowing us as their long-standing trusted IT partner to support and accelerate our customers' digital journeys in cloud, security, data and intelligent automation with a multi-vendor strategy. Equally important with our independence, we can now invest in our business to create new capabilities deliver them at scale by gaining certifications and credentials for our already skilled technologists and thereby, grow our share of wallet with our existing customers.

Through our six practices, we can now meet needs that our customers have been asking us to meet for years in areas that we were previously prevented from serving. We're solidifying our position as a leading global provider of IT infrastructure services. We continue to generate twice as much infrastructure services revenue as anyone else and are uniquely focused on this sector of the market.

Our customers trust us to manage their most critical systems and we do it with the highest level of quality. I am really proud of our delivery teams. They continue to produce top-tier Net Promoter Scores generally north of plus 50. We continue to meet more than 99.7% of our service level agreement threshold with the June quarter being another quarter of above-target performance. We're pleased to have been named a leader in Gartner's Magic Quadrant for Managed Mobility Services and to be recognized as 1 of only 4 industry engineering certified and integrators in Gartner's exact report on 4G and 5G networking. Our NPS and SLA metrics, along with a growing list of external accolades highlight the world-class nature of our offerings. There are significant opportunities in front of us, and we understand that the macroeconomic environment is on many people's minds right now.

At Kyndryl, we run mission-critical IT systems, the hearts and lungs of our customers' operations, including global banking organizations, airline reservation systems, mobile networks and industrial supply chains. The essential nature of our business provides us some natural insulation to macro factors. In addition, our 3 As initiatives gives us a substantial opportunity that are specific to us and independent of the broader economy. Executing on these initiatives will deliver the benefits we need to strengthen our overall business performance and unlock substantial value for our customers, our employees and our stockholders alike.

A key enabler of our strategy has been the rapid build-out of our technology alliances and capabilities. Between November and March, we signed new collaborations with all 3 cloud hyperscalers, Amazon Web Services, Google Cloud and Microsoft Azure as well as many other leading technology companies. Since year-end, we've increased our cloud-related certifications by 36%, bringing our total to nearly 22,000 and giving us more capabilities to deliver cloud services.

This quarter, we've expanded or established new partnerships with Cisco, Five9, NetApp, Oracle, Red Hat, SAP and Veritas, continuing the theme of Kyndryl aligning with other top-tier technology providers now that we're independent. Customers are seeing how quickly we're leveraging these relationships, and they're now asking us to help them migrate a portion of their workloads to the cloud manage their explosive growth in data, integrate legacy and new technologies from multiple partners and address their urgent need for cybersecurity and resiliency. It is remarkable to see how fast our relationships are expanding.

One example of this is a global bank, where we have a nearly 20-year business relationship. We run mission-critical systems and the infrastructure behind their systems of record. Our relationship began in the early 2000s with traditional data center outsourcing for 1 of their divisions, including mainframe services work. The scope of our work has expanded over time across geographies and divisions. Most recently though, we not only extended our contract tied to legacy systems, we also added hyperscaler cloud work. And beyond that, the integration required to make sure the bank is running the right workload on the right platform. We're now supporting our customer across their architecture, data and application security, resiliency and systems innovation.

We're adding value as a trusted strategic partner that has the technology expertise to meet their complex evolving multifaceted needs. And at the same time, we're driving profitable revenue growth for our business as we increase our services revenue from this customer. This example is just 1 of the many that have been either executed already or are in the works across a range of industries, geographies and customer needs.

Back in February, we committed to sharing our progress on our 3 As initiatives. As a reminder, we provided targets of at least $1 billion in signings tied to hyperscaler alliances this fiscal year, $200 million in annualized cost savings from advanced delivery by year-end and $200 million of annualized pretax benefit from our accounts initiative. I am pleased with the progress we've made in such a short period of time on our 3 As, and we're on track to deliver on our fiscal 2023 milestones for each of these initiatives.

In our Alliance initiative, we generated $235 million of hyperscale-related signings in the quarter, putting us on track to achieve our $1 billion annual target. We're increasingly going to market with hyperscalers to seamlessly meet customers' needs. As a Microsoft Azure expert managed service provider and premier partner with both AWS and Google, we have immediate credibility as well as unique knowledge of our customers' existing infrastructure and workloads. And the pace at which we've built our team certifications, credentials and capabilities puts us in a position to provide the top-tier levels of service that customers have come to expect from Kyndryl. This is demonstrated by another strong quarter of signings growth in advisory and implementation services, which were up 27% in constant currency compared to last year.

We are using our new technology partners to grow our share of wallet with existing customers. In our advanced delivery initiative, we're investing in high intelligent automation and new ways of working, which frees up our people to be reskilled and redeployed to in-demand opportunities. This quarter, we expanded our proprietary delivery automation tooling to run more than 24 million automation events a month, more than double where we were a year ago. This significantly increases the level of service and resiliency we provide to our customers.

In the process, we freed up more than 1,900 of our people to serve new revenue streams and backfill attrition. When we free up people, we're increasing our productivity and the associated cost savings are running at an annualized rate of $100 million as of quarter end, equal to half our fiscal 2023 year-end objective. And at the same time, we're creating new opportunities for our people and reducing the extent to which we need to hire external talent.

In our accounts initiative, we are directly engaging with our customers where we're not generating an adequate return on the efforts and capital we're expending. The response from customers has been positive, and a number of them have already expanded our scope of delivery services, capitalizing on our broader ecosystem and new capabilities. In some cases, we're optimizing our cost basis through automation and greater standardization, while in other cases where we are near contract expiration we have the opportunity to discuss pricing or agree that Kyndryl will exit elements of work that are unprofitable for us.

Our engagement efforts so far resulted in a meaningful increase in the projected margins associated with these accounts reflecting our focus on signing profitable business. In the June quarter, we're already realizing pretax benefits at a rate of roughly $52 million a year, putting us on track to achieve our $200 million year-end run rate goal. The momentum we're demonstrating in our 3 As initiatives is driving us towards the strategic objectives we laid out last year, transforming Kyndryl to operate across a broader technology ecosystem, evolving our business mix, returning to revenue growth and expanding our margins. We're operating differently with the new mission and value proposition.

As we execute on our 3 As initiatives, we more forcefully to strengthen the margin profile of our business and progress toward our goal to return to profitable revenue growth in calendar year 2025, we will unlock substantial value. We'll continue building a culture that is flat, fast and focused on customer success, and we'll continue positioning Kyndryl to be the employer of choice and the partner of choice for customers and technology partners alike.

Now with that, I'll hand over to David to take you through our results and our outlook.

David Wyshner

Thanks, Martin, and hello, everyone. Today, I'd like to discuss our quarterly results, our balance sheet and liquidity and our outlook. Our financial results for the quarter ended June 30, our fiscal first quarter were in line with our expectations and position us to achieve the full year targets we laid out in May.

In the quarter, we generated revenue of $4.3 billion, which represents only a 2% decline in constant currency from our pro forma results a year ago. This includes 2 points of revenue growth we picked up from pass-through revenues related to our former parent. Because most of our revenue in any given quarter is the product of contracts signed over the prior several years, our revenue decline reflects the continuing effects of having been operated as a captive subsidiary of IBM prior to our spin off, not the future potential of our business.

Adjusted EBITDA in the quarter was $491 million. This represents an adjusted EBITDA margin of 11.4%. On a year-over-year basis, our adjusted EBITDA margin was down primarily due to the decline in revenue, a currency headwind of 60 basis points and a 50 basis point impact from some of our software licenses being treated as a subscription rather than a prepaid and amortized expense.

Notably, our gross margin increased 60 basis points sequentially from our March quarter to our June quarter. This is a better reflection of the operational progress we're making. Adjusted pretax loss was $50 million, which is sequentially consistent with our March quarter results and down year-over-year, primarily due to lower revenue and $48 million in currency headwinds. Among our geographic segments, we delivered year-over-year constant currency revenue growth in our Japan and strategic market segments and our strongest margins were in Japan and the United States. Changes in how various IBM-related costs are hitting each of our segments under our new commercial agreement with IBM complicate year-over-year margin comparisons by segment.

We address our customers' needs not only through our geographic operating segments, but also through our 6 global practices, cloud, applications data and AI, security and resiliency, network and edge, digital workplace and core enterprise. Our business mix is evolving to reflect demand with nearly 80% of our signings coming from cloud, apps data and AI, security and other growth areas and only 20% from core enterprise and zCloud. More importantly, our adjusted quarterly results were very much in line with our expectations.

Turning to our cash flow and balance sheet. Our adjusted free cash flow was negative $32 million in the quarter. We've provided a bridge from our Q1 adjusted pretax loss of $50 million to our free cash flow. Our gross capital expenditures in the quarter, including some CapEx due to our separation were $213 million, and we received $7 million of proceeds from asset dispositions. Working capital and other didn't contribute to cash flow in the quarter, but this is an opportunity for us for the year as a whole.

Our financial position remains strong. Our cash balance at June 30 was $1.9 billion, which reflects both the decline in the dollar value of our international cash and our use of $65 million for transaction-related payments. Our cash balance, combined with available debt capacity under committed borrowing facilities gave us $5 billion of liquidity at quarter end. Our debt maturities are well laddered from late 2024 to 2041. We had no borrowings outstanding under our revolving credit facility, and our net debt at quarter end was $1.3 billion. As a result, our net leverage sits well within our target range. We are rated investment grade by both Moody's and S&P and to add to that on Tuesday, which announced that they rate us as investment grade as well.

As we think about capital allocation, our top priorities are to maintain strong liquidity, remain investment grade and reinvest in our business. As we've said before, we view being investment grade as a commercial imperative given the importance of this to our customers. And because of the spin-related cash outlays we have in front of us, most of the free cash flow we'll generate this year is, in many ways, already spoken for.

As Martin mentioned, we're making rapid progress on our 3 As initiatives. Our momentum supports our expectation that over the medium term, our alliances initiative will drive signings, revenue and over time, roughly $200 million in annual pretax income. Our advanced delivery initiative will drive cost savings equating over time to roughly $600 million in annual pretax income and our accounts initiative will drive annual pretax income of $800 million. We're also pursuing growth in advisory and implementation services and among our global practices, which is incremental to the benefits coming from our 3 As initiative, and we see opportunities to control expenses throughout our business.

We expect that these efforts over time will contribute roughly $400 million in annual pretax income. Sometimes investors ask us what the market doesn't fully appreciate about the Kyndryl story? Here's 1 item I'd like to highlight from a financial perspective. We're a company that generated $134 million in pro forma adjusted pretax income last year, which has tangible plans to drive $2 billion of contribution to our annual pretax income over the medium term. The magnitude of the earnings growth opportunity we're tackling is a big deal and will be a foundational source of value creation for Kyndryl. I hope that margins update on our progress on these initiatives gives you confidence in our eagerness and ability to seize this enormous opportunity.

In light of the progress we're making on our key initiatives and in our business generally, we're reaffirming the fiscal 2023 earnings guidance we provided in May, and are updating our revenue forecast solely to reflect movements in exchange rates. In particular, we continue to expect to drive double-digit constant currency growth in signings in fiscal '23 compared to calendar year 2021. Consistent with the outlook we shared in May, we continue to expect our revenue to decline 3% to 4% in constant currency compared to the 12 months ended March 2022 and 4% to 6% in constant currency compared to fiscal 2021. With the dollar having continued to strengthen, this guidance now implies revenue of $16.3 billion to $16.5 billion this fiscal year.

Our outlook continues to be for our adjusted pretax margin to be in the range of 0% to 1%. This is consistent with our 2020 and 2021 pro forma results despite 120 basis points of expected currency headwinds this year, and we continue to expect our adjusted EBITDA margin to be 13% to 14% in fiscal 2023. As Martin mentioned, we believe demand for IT infrastructure services is largely insulated from broader macroeconomic trends. And to date, we have not seen any significant changes in our customers' approach.

Digital transformation and procuring talent, best practices and global scale continue to be important to large organizations. Let me comment on a few other macro factors that investors often ask about. First, while services demand feels solid, general price inflation is driving wage inflation. We've been doing well in terms of attracting and retaining the people we need, but higher prices and big headline inflation figures are impacting the salaries that existing employees and new hires expect.

We're also seeing inflationary pressures in other areas, especially in energy costs, but our contracts typically contain inflation protection mechanisms that mitigate the effects of rising costs. Second, currency movements are having an unusually pronounced impact this year, affecting not only the value of our foreign earnings, but also the dollar value of international cash and our margins since the compensation of our costs often differs from the currencies in which we source our revenues. Our hedging strategies and mitigating actions are helping us offset inflation and currency pressure. The currency alone is having a $200 million negative impact on our projected pretax earnings growth this year.

From a cash flow perspective, we continue to target about $750 million of gross capital expenditures and $700 million of net capital expenditures compared to about $900 million of depreciation expense. As a reminder, there is some seasonality in our revenues and margins with the October to December quarter typically being the strongest. While our results in our September quarter should be broadly similar to our June quarter, we see our full year margins being higher than our Q1 margins because of the favorable December quarter seasonality and the ramping of benefits from our 3 As initiatives.

Over the medium term, we remain committed to returning to revenue growth by calendar 2025, delivering margin expansion and driving free cash flow growth. We have a solid game plan to drive our progress, and this game plan starts with the steps we've already taken to expand our technology partnerships and with the meaningful initiatives we're implementing this year. Separately, we've gotten a number of questions, comments and [WOWS] from investors about 1 particular slide we published in May. This slide that provides a breakdown between our margin-challenged focus accounts in the rest of our business.

As this slide highlighted, our aggregate results masked the fact that within Kyndryl we have a strong $10 billion business, which we refer to as a blueprint for how we want to operate. This blueprint consists of accounts that represent about 60% of our revenue, generate average gross margins north of 20% and reflect our ability to get paid appropriately for the mission-critical services we provide. This blueprint is most of what we do and a source of stockholder value hiding in plain sight. And the reason that this value is underappreciated is our other roughly $8 billion of focused accounts revenue. This revenue stream generates virtually no gross margin and after SG&A expenses is losing money.

Our accounts initiative is all about the opportunity to make our focus accounts look more like the majority blueprint of our business over time by addressing elements of our customer relationships, that generate substandard margins. Over time, if we close even half of the gross margin gap between our focus accounts and our blueprint accounts, will generate the $800 million in incremental earnings that we've targeted from these accounts. That's why our accounts initiative is a major priority for us.

As Martin highlighted, in the June quarter, pretax margins associated with new signings tied to our focus accounts were up meaningfully. Since the beginning of the year, the overall pretax margin of our signings has been in the mid- to -high single digits. What that means is that of our P&L for the next few quarters reflected only our recently signed deals we'd be operating at mid- to high single-digit adjusted pretax margins, not the 0% to 1% margin generated largely by our pre-spin legacy signings.

In fact, even though our signings were down year-over-year in the June quarter when measured based on revenue, the gross profit we expect to generate over the next year from our June quarter signings is up year-over-year and its gross profit and then pretax profit that we're most focused on.

In closing, as an independent company, we're solidifying our position as a cost-effective gold standard provider of essential IT services. We're advancing towards the fiscal 2023 earnings targets we laid out in May. We're also executing on the strategies and initiatives that will drive longer-term progress, future growth and stronger earnings in our business. I'm particularly enthusiastic about our strong progress on our 3 As initiatives and the margins our exact signings will generate. Compared to our P&L, our tangible progress in these areas better exemplifies our potential are zeal to transform our business in our drive to create stockholder value.

With that, let me turn things back to Martin.

Martin Schroeter

Thanks, David. Before we turn to Q&A, let me remind you why we're so enthusiastic about Kyndryl's future. As an independent company, we are seizing our now larger market opportunity, bringing incremental and differentiated value to customers and focusing on driving profitable growth. We're committed to investing in our business, and we'll continue extending relationships with our ecosystem partners and customers. We are a trusted partner with tremendous expertise, experience and scale. And as technology continues to evolve, our customers look to Kyndryl to keep them operating efficiently and ahead of the technology curve.

Our 3 As initiatives will deliver substantial benefits. We have the financial flexibility to execute our growth strategy to invest in our people and to create a winning culture, a culture that will create significant value for our employees, our customers and our stockholders.

With that, David and I look forward to your questions.

Question-and-Answer Session


[Operator Instructions] We will take our first question from Tien-Tsin Huang from JPMorgan.

Tien-Tsin Huang

Okay. Great. Appreciate the enthusiasm, definitely came through on the call. I wanted to ask, I suppose, on signings, if that's okay. I'm curious about sort of visibility there and timing of revenue conversion, et cetera. Have you observed any changes? And I know you talked about double-digit signings growth looking ahead. So hence, the visibility question?

Martin Schroeter

Tien-Tsin, and thanks for joining the call. Look, a few things I'd say, first, obviously, our confidence in growing signings double digit this year stems from the pipeline that we're looking at. And we've got a terrific pipeline. We see it in the parts of our business where we're really focused, such as our A&IS business, which grew quite well this quarter as it did the prior quarter, such as the progress we're making with our hyperscale alliance partners. So we feel great about the pipeline but as you also know, we're really focused on the margin profile of these.

And as David noted, we -- the gross profit dollars, for instance, in the signings from just this most exact quarter, the gross profit dollars in the next year also grow within that signings pool. So while the overall signings for that short period, the 90 days, we're down, the gross profit dollars still provide us growth for the next 12 months, which again is our focus. So we feel really good about the pipeline. We feel really good about the teams executing in the areas that of our biggest focus, and we feel really good about the profit profile of what we're signing.

Now having said all that, look, when you're focused -- when one is focused on the quality of what you're signing and when one is really focused on making sure we get the right things into the backlog, that can elongate deal cycles that can elongate discussions with our customers. And look, we're okay because we want to get to the right signings -- the right signings profile, which we did in the most exact quarter, we did in the quarter prior to that.

So we see a great pipeline of the kinds of quality deals and the kinds of quality revenue streams to go into the backlog as evidenced again by the gross profit over the next year or as evidenced again by the margin profile. And David commented, I did as well in the prepared remarks, we both commented on the pretax margin profile of what's going into the backlog. So we feel good about the growth we see and -- probably more importantly, we feel really good about the quality and the profit profile of what's going in.

David Wyshner

And two things I just add related to the signings number. The June number -- the June quarter was a tough comp for us, we knew that going in because both of our two largest deals in calendar year 2021 fell in the June quarter, and those totaled more than $900 million. That created a tough comp for us. And obviously, we don't have that issue going forward. And then the second issue is that the December quarter is traditionally our biggest signings quarter. And as a result, how the second half of this calendar year plays out, particularly the December quarter ends up being a big driver of how we're going to get to double-digit signings growth for fiscal 2023.

Tien-Tsin Huang

I did have one, if you don't mind. I just want to ask on the gross margin since you mentioned it, we always like to look at gross margin as a proxy for contract execution pricing, labor costs, et cetera. So obviously, it sounds like that's doing well. There wasn't any unusual items there. But what about on the capital intensity side as well. Any change to consider there, especially as we think about cash flow conversion for the rest of the year?

David Wyshner

Yes. I think we continue to see the business becoming less capital intensive. Our CapEx is underrunning depreciation, and we expect that to be the case probably even a bit more so than it was in the June quarter as we look out over the remainder of the year. In addition, I think the amount of cash we end up outlining for capitalized software and transition cost, startup cost is probably going to underrun our amortization as well this year, which should be helpful to free cash flow.

So again, as we move to more advisory work and strengthen the margin profile of the business that we're signing, we see less capital intensity as part of that and that should be helpful to free cash flow, not only in fiscal 2023, but also over the longer term.


We'll go next to Jamie Friedman from Susquehanna Financial Group.

Unidentified Analyst

This is Spencer on for Jamie. Congratulations on the results. It seems that year is already tracking ahead of plan in some key metrics. Is the guidance just conservative or are there other considerations we should be looking at?

David Wyshner

I think the -- I think we feel very good about the progress that we're making on a number of fronts, particularly the strategic fronts, the 3 As and the margin at which we're signing up business. And when you look at something like advanced delivery where we've already achieved half of our full year target for the benefits that we expect to generate, it's a time that we're making good progress.

I'm hesitant to characterize the guidance in 1 direction or another. But I would point out that while we're making really good progress on the strategic front and with the 3 As and with the partnerships that we have, we have also been facing currency headwinds and the amount of currency impact on our EBITDA and our pretax margin, we currently estimate is a bit more than we would have estimated 3 months ago because of the way exchange rates have moved over this period of time.

So when we're seeing progress on the strategic front in areas that we control some of the areas that are outside of our control, such as exchange rates are -- have been a little bit more of a challenge. So I really don't want to characterize the guidance one way or another.

Martin Schroeter

Once again, thanks, everyone, for joining us today. We're delighted with the significant progress we made this quarter, obviously, in our 3 As and then getting our business back to profitable growth. We remain very excited about the opportunity ahead. We do serve our customers' mission-critical needs with more capabilities than ever before. And quite frankly, the idiosyncratic nature of a lot of the opportunities we have to turn this business around and the progress we're making in those keep us energized and motivated to deliver. So thanks again for joining, and we'll talk to you after the next quarter.


This concludes today's Kyndryl quarterly earnings call and webcast. You may disconnect your line at this time, and have a wonderful day.

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