Get excellent grades in C9510-669 test with these test prep and free pdf

Our IBM C9510-669 test prep with exam prep are precise of the C9510-669 actual test. A total pool of C9510-669 Questions and Answers is kept up with in an information base of inquiries. We add and update new Questions and Answers on the customary reasons for contenders to retain the most current substance.

Exam Code: C9510-669 Practice test 2022 by Killexams.com team
SOA Fundamentals [2008]
IBM Fundamentals information search
Killexams : IBM Fundamentals information search - BingNews https://killexams.com/pass4sure/exam-detail/C9510-669 Search results Killexams : IBM Fundamentals information search - BingNews https://killexams.com/pass4sure/exam-detail/C9510-669 https://killexams.com/exam_list/IBM Killexams : Fundamentals of Scalable Data Science No result found, try new keyword!This is the first course of a series of courses towards the IBM Advanced Data Science Specialization ... In this course we teach you the fundamentals of Apache Spark using python and pyspark. Sat, 12 Jun 2021 11:47:00 -0500 text/html https://www.usnews.com/education/skillbuilder/fundamentals-of-scalable-data-science-0_sUpST4RAEeawAApvKZgcCQ Killexams : IBM September 23rd Options Begin Trading No result found, try new keyword!as well as studying the business fundamentals becomes important. Below is a chart showing IBM's trailing twelve month trading history, with the $133.00 strike highlighted in red: Considering the ... Thu, 04 Aug 2022 03:39:00 -0500 text/html https://www.nasdaq.com/articles/ibm-september-23rd-options-begin-trading Killexams : IBM RELEASES SECOND QUARTER RESULTS

Growth Across Key Segments Led by Hybrid Cloud Adoption; Solid Cash and Profit Generation

ARMONK, N.Y., July 18, 2022 /PRNewswire/ -- IBM (NYSE: IBM) today announced second-quarter 2022 earnings results.

IBM Corporation logo. (PRNewsfoto/IBM)

"In the quarter we delivered good revenue performance with balanced growth across our geographies, driven by client demand for our hybrid cloud and AI offerings. The IBM team executed our strategy well," said Arvind Krishna, IBM chairman and chief executive officer. "With our first half results, we continue to expect full-year revenue growth at the high end of our mid-single digit model."

Second-Quarter Highlights

  • Revenue
    - Revenue of $15.5 billion, up 9 percent, up 16 percent at constant currency (about 5 points from sales to Kyndryl)
    - Software revenue up 6 percent, up 12 percent at constant currency (about 7 points from sales to Kyndryl)
    - Consulting revenue up 10 percent, up 18 percent at constant currency
    - Infrastructure revenue up 19 percent, up 25 percent at constant currency (about 7 points from sales to Kyndryl)
    - Hybrid cloud revenue, over the last 12 months, of $21.7 billion, up 16 percent, up 19 percent at constant currency
  • Cash Flow
    - On a consolidated basis, year to date, net cash from operating activities of $4.6 billion; free cash flow of $3.3 billion 
SECOND QUARTER 2022 INCOME STATEMENT SUMMARY
Pre-tax 
Gross Pre-tax  Income  Net  Diluted 
Revenue Profit Income Margin Income EPS
GAAP from
Continuing
Operations
$ 15.5B $ 8.3B $ 1.7B 11.1 % $ 1.5B $ 1.61
    Year/Year 9 %* 6 % 89 % 4.7 Pts 81 % 79 %
Operating
(Non-GAAP)
$ 8.5B $ 2.5B 16.2 % $ 2.1B $ 2.31
    Year/Year 5 % 48 % 4.2 Pts 45 % 43 %
*16% at constant currency

"We are a faster-growing, focused, disciplined company with sound business fundamentals," said James Kavanaugh, IBM senior vice president and chief financial officer. "Our recurring revenue stream and solid cash generation position us well to continue to invest in R&D, acquire new companies, and strengthen our talent in every part of the business, while also returning value to shareholders through our dividend."

Segment Results for Second Quarter

  • Software (includes Hybrid Platform & Solutions, Transaction Processing)— revenues of $6.2 billion, up 6.4 percent, up 11.6 percent at constant currency (about 7 points from sales to Kyndryl):
    - Hybrid Platform & Solutions up 4 percent, up 9 percent at constant currency (about 1.5 points from sales to Kyndryl):
       -- Red Hat up 12 percent, up 17 percent at constant currency
       -- Automation up 4 percent, up 8 percent at constant currency
       -- Data & AI flat, up 4 percent at constant currency
       -- Security flat, up 5 percent at constant currency
    - Transaction Processing up 12 percent, up 19 percent at constant currency (about 22 points from sales to Kyndryl)
    - Software segment hybrid cloud revenue up 14 percent, up 18 percent at constant currency
  • Consulting (includes Business Transformation, Technology Consulting and Application Operations)— revenues of $4.8 billion, up 9.8 percent, up 17.8 percent at constant currency:
    - Business Transformation up 9 percent, up 16 percent at constant currency
    - Technology Consulting up 14 percent, up 23 percent at constant currency
    - Application Operations up 9 percent, up 17 percent at constant currency
    - Consulting segment hybrid cloud revenue up 20 percent, up 29 percent at constant currency
  • Infrastructure (includes Hybrid Infrastructure, Infrastructure Support)— revenues of $4.2 billion, up 19.0 percent, up 25.4 percent at constant currency (about 7 points from sales to Kyndryl):
    - Hybrid Infrastructure up 34 percent, up 41 percent at constant currency (about 7 points from sales to Kyndryl)
       -- IBM z Systems up 69 percent, up 77 percent at constant currency
       -- Distributed Infrastructure up 11 percent, up 17 percent at constant currency
    - Infrastructure Support down 2 percent, up 5 percent at constant currency (about 8 points from sales to Kyndryl)
    - Infrastructure segment hybrid cloud revenue up 24 percent, up 30 percent at constant currency
  • Financing (includes client and commercial financing)— revenues of $0.1 billion, down 29.9 percent, down 26.6 percent at constant currency

Cash Flow and Balance Sheet
On a consolidated basis, in the second quarter, the company generated net cash from operating activities of $1.3 billion or $2.6 billion excluding IBM Financing receivables. IBM's free cash flow was $2.1 billion. The company returned $1.5 billion to shareholders in dividends in the second quarter.

On a consolidated basis, for the first six months of the year, the company generated net cash from operating activities of $4.6 billion or $4.2 billion excluding IBM Financing receivables. IBM's free cash flow was $3.3 billion, which includes cash impacts from the company's structural actions initiated at the end of 2020.

IBM ended the second quarter with $7.8 billion of cash on hand (which includes marketable securities), up $0.2 billion from year-end 2021. Debt, including IBM Financing debt of $12.3 billion, totaled $50.3 billion, down $1.4 billion since the end of 2021.

Full-Year 2022 Expectations

  • Revenue growth: The company continues to expect constant currency revenue growth at the high end of its mid-single digit model. The company also expects an additional 3.5 point contribution from incremental sales to Kyndryl. At mid-July 2022 foreign exchange rates, currency is expected to be about a six-point headwind.
  • Free Cash Flow: The company now expects about $10 billion in consolidated free cash flow.

Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company's current assumptions regarding future business and financial performance. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including, but not limited to, the following: a downturn in economic environment and client spending budgets; a failure of the company's innovation initiatives; damage to the company's reputation; risks from investing in growth opportunities; failure of the company's intellectual property portfolio to prevent competitive offerings and the failure of the company to obtain necessary licenses; the company's ability to successfully manage acquisitions, alliances and dispositions, including integration challenges, failure to achieve objectives, the assumption of liabilities, and higher debt levels; fluctuations in financial results; impact of local legal, economic, political, health and other conditions; the company's failure to meet growth and productivity objectives; ineffective internal controls; the company's use of accounting estimates; impairment of the company's goodwill or amortizable intangible assets; the company's ability to attract and retain key employees and its reliance on critical skills; impacts of relationships with critical suppliers; product quality issues; impacts of business with government clients; reliance on third party distribution channels and ecosystems; cybersecurity and data privacy considerations; adverse effects related to climate change and environmental matters, tax matters; legal proceedings and investigatory risks; the company's pension plans; currency fluctuations and customer financing risks; impact of changes in market liquidity conditions and customer credit risk on receivables; potential failure of the separation of Kyndryl Holdings, Inc. to qualify for tax-free treatment; risk factors related to IBM securities; and other risks, uncertainties and factors discussed in the company's Form 10-Qs, Form 10-K and in the company's other filings with the U.S. Securities and Exchange Commission or in materials incorporated therein by reference. Any forward-looking statement in this release speaks only as of the date on which it is made. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements.

Presentation of Information in this Press Release
On November 3, 2021, IBM completed the separation of Kyndryl. Unless otherwise specified, results are presented on a continuing operations basis. All references to revenue impacts from sales to Kyndryl are incremental sales post-separation.

In an effort to provide investors with additional information regarding the company's results as determined by generally accepted accounting principles (GAAP), the company has also disclosed in this press release the following non-GAAP information, which management believes provides useful information to investors: 

IBM results —

  • adjusting for currency (i.e., at constant currency);
  • presenting operating (non-GAAP) earnings per share amounts and related income statement items;
  • consolidated free cash flow;
  • consolidated cash from operating activities excluding IBM Financing receivables;

The rationale for management's use of these non-GAAP measures is included in Exhibit 99.2 in the Form 8‑K that includes this press release and is being submitted today to the SEC.

Conference Call and Webcast
IBM's regular quarterly earnings conference call is scheduled to begin at 5:00 p.m. EDT, today. The Webcast may be accessed via a link at https://www.ibm.com/investor/events/earnings-2q22. Presentation charts will be available shortly before the Webcast.

Financial Results Below (certain amounts may not add due to use of rounded numbers; percentages presented are calculated from the underlying whole-dollar amounts).

Contact:       IBM
                    Sarah Meron, 347 891 1770
                    sarah.meron@ibm.com 
    
                    Tim Davidson, 914 844 7847
                    tfdavids@us.ibm.com  

 

INTERNATIONAL BUSINESS MACHINES CORPORATION COMPARATIVE FINANCIAL RESULTS (Unaudited; Dollars in millions except per share amounts)
Three Months Ended Six Months Ended
June 30,  June 30, 
2022 2021* 2022 2021*
REVENUE
Software $ 6,166 $ 5,795 $ 11,938 $ 10,933
Consulting 4,809 4,378 9,637 8,641
Infrastructure 4,235 3,560 7,453 6,853
Financing 146 209 300 417
Other 180 277 404 561
TOTAL REVENUE 15,535 14,218 29,732 27,405
GROSS PROFIT 8,290 7,852 15,625 14,879
GROSS PROFIT MARGIN
Software 79.2 % 79.7 % 79.0 % 78.8 %
Consulting 24.2 % 27.6 % 24.3 % 27.7 %
Infrastructure 53.8 % 57.1 % 52.4 % 56.7 %
Financing 35.3 % 29.9 % 36.5 % 32.7 %
TOTAL GROSS PROFIT MARGIN 53.4 % 55.2 % 52.6 % 54.3 %
EXPENSE AND OTHER INCOME
S,G&A 4,855 4,849 9,452 9,536
R,D&E 1,673 1,641 3,352 3,257
Intellectual property and custom development income (176) (133) (297) (278)
Other (income) and expense (81) 302 166 647
Interest expense 297 281 607 561
TOTAL EXPENSE AND OTHER INCOME 6,568 6,940 13,280 13,724
INCOME/(LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 1,722 912 2,345 1,155
Pre-tax margin 11.1 % 6.4 % 7.9 % 4.2 %
Provision for/(Benefit from) income taxes 257 101 218 (58)
Effective tax rate 14.9 % 11.1 % 9.3 % (5.0) %
INCOME FROM CONTINUING OPERATIONS $ 1,465 $ 810 $ 2,127 $ 1,213
DISCONTINUED OPERATIONS
Income/(Loss) from discontinued operations, net of taxes (73) 515 (2) 1,067
NET INCOME $ 1,392 $ 1,325 $ 2,125 $ 2,280
EARNINGS/(LOSS) PER SHARE OF COMMON STOCK
Assuming Dilution
Continuing Operations $ 1.61 $ 0.90 $ 2.34 $ 1.34
Discontinued Operations $ (0.08) $ 0.57 $ 0.00 $ 1.18
TOTAL $ 1.53 $ 1.47 $ 2.34 $ 2.52
Basic
Continuing Operations $ 1.62 $ 0.91 $ 2.36 $ 1.36
Discontinued Operations $ (0.08) $ 0.57 $ 0.00 $ 1.19
TOTAL $ 1.54 $ 1.48 $ 2.36 $ 2.55
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (M's)
Assuming Dilution 910.7 904.2 910.0 903.0
Basic 901.5 895.0 900.4 894.3
____________________
* Recast to conform with 2022 presentation.

 

INTERNATIONAL BUSINESS MACHINES CORPORATION CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited)
At At
June 30,  December 31, 
(Dollars in Millions) 2022 2021
ASSETS:
Current Assets:
Cash and cash equivalents $ 7,034 $ 6,650
Restricted cash 220 307
Marketable securities 524 600
Notes and accounts receivable - trade, net 5,867 6,754
Short-term financing receivables, net 7,233 8,014
Other accounts receivable, net 909 1,002
Inventories 1,684 1,649
Deferred costs 1,010 1,097
Prepaid expenses and other current assets 3,414 3,466
Total Current Assets 27,896 29,539
Property, plant and equipment, net 5,275 5,694
Operating right-of-use assets, net 2,848 3,222
Long-term financing receivables, net 5,316 5,425
Prepaid pension assets 9,930 9,850
Deferred costs 865 924
Deferred taxes 7,073 7,370
Goodwill 55,039 55,643
Intangibles, net 11,571 12,511
Investments and sundry assets 1,689 1,823
Total Assets $ 127,503 $ 132,001
LIABILITIES:
Current Liabilities:
Taxes $ 1,742 $ 2,289
Short-term debt 5,981 6,787
Accounts payable 3,707 3,955
Deferred income 12,522 12,518
Operating lease liabilities 884 974
Other liabilities 7,008 7,097
Total Current Liabilities 31,844 33,619
Long-term debt 44,328 44,917
Retirement related obligations 13,118 14,435
Deferred income 3,069 3,577
Operating lease liabilities 2,182 2,462
Other liabilities 13,486 13,996
Total Liabilities 108,026 113,005
EQUITY:
IBM Stockholders' Equity:
Common stock 57,802 57,319
Retained earnings 153,298 154,209
Treasury stock — at cost (169,522) (169,392)
Accumulated other comprehensive income/(loss) (22,169) (23,234)
Total IBM Stockholders' Equity 19,409 18,901
Noncontrolling interests 67 95
Total Equity 19,476 18,996
Total Liabilities and Equity $ 127,503 $ 132,001

 

INTERNATIONAL BUSINESS MACHINES CORPORATION CASH FLOW ANALYSIS (Unaudited)
Trailing Twelve
Three Months Ended Six Months Ended Months Ended
June 30,  June 30,  June 30, 
(Dollars in Millions) 2022 2021 2022 2021 2022
Consolidated Net Cash from Operations per GAAP $ 1,321 $ 2,625 $ 4,569 $ 7,539 $ 9,826
Less: change in IBM Financing receivables (1,264) 900 367 3,763 511
Capital Expenditures, net (494) (688) (871) (1,217) (2,035)
Consolidated Free Cash Flow 2,091 1,037 3,331 2,559 7,279
Acquisitions (260) (1,747) (958) (2,866) (1,385)
Divestitures 1,207 (10) 1,268 (25) 1,408
Dividends (1,488) (1,467) (2,963) (2,924) (5,907)
Non-Financing Debt (2,934) (586) 1,740 (2,331) 2,880
Other (includes IBM Financing net receivables and debt) (1,607) (335) (2,197) (522) (4,661)
Change in Cash, Cash Equivalents, Restricted Cash and Short-term
Marketable Securities*
$ (2,991) $ (3,108) $ 221 $ (6,110) $ (387)
____________________
* Cash flows are presented on a consolidated basis. 

 

INTERNATIONAL BUSINESS MACHINES CORPORATION CASH FLOW (Unaudited)
Three Months Ended Six Months Ended
June 30,  June 30, 
(Dollars in Millions) 2022 2021 2022 2021
Net Income from Operations $ 1,392 $ 1,325 $ 2,125 $ 2,280
Depreciation/Amortization of Intangibles 1,245 1,680 2,501 3,352
Stock-based Compensation 254 243 488 457
Working Capital / Other (307) (1,524) (912) (2,313)
IBM Financing A/R (1,264) 900 367 3,763
Net Cash Provided by Operating Activities $ 1,321 $ 2,625 $ 4,569 $ 7,539
Capital Expenditures, net of payments & proceeds (494) (688) (871) (1,217)
Divestitures, net of cash transferred 1,207 (10) 1,268 (25)
Acquisitions, net of cash acquired (260) (1,747) (958) (2,866)
Marketable Securities / Other Investments, net (281) (227) (625) (562)
Net Cash Provided by/(Used in) Investing Activities $ 172 $ (2,671) $ (1,186) $ (4,671)
Debt, net of payments & proceeds (2,514) (1,500) 434 (5,799)
Dividends (1,488) (1,467) (2,963) (2,924)
Financing - Other (195) (163) (290) (190)
Net Cash Provided by/(Used in) Financing Activities $ (4,197) $ (3,131) $ (2,819) $ (8,914)
Effect of Exchange Rate changes on Cash (262) 69 (267) (65)
Net Change in Cash, Cash Equivalents and Restricted Cash* $ (2,965) $ (3,108) $ 297 $ (6,110)
____________________
* Cash flows are presented on a consolidated basis. 

 

INTERNATIONAL BUSINESS MACHINES CORPORATION SEGMENT DATA (Unaudited)
Three Months Ended June 30, 2022
(Dollars in Millions) Software Consulting Infrastructure Financing
Revenue $ 6,166 $ 4,809 $ 4,235 $ 146
Pre-tax Income/(Loss) from Continuing Operations $ 1,375 $ 343 $ 757 $ 102
Pre-tax Margin 22.3 % 7.1 % 17.9 % 69.7 %
Change YTY Revenue 6.4 % 9.8 % 19.0 % (29.9) %
Change YTY Revenue - constant currency 11.6 % 17.8 % 25.4 % (26.6) %
Three Months Ended June 30, 2021*
(Dollars in Millions) Software Consulting Infrastructure Financing
Revenue $ 5,795 $ 4,378 $ 3,560 $ 209
Pre-tax Income/(Loss) from Continuing Operations $ 1,059 $ 270 $ 489 $ 131
Pre-tax Margin 18.3 % 6.2 % 13.7 % 63.0 %
____________________
* Recast to conform with 2022 presentation. 
Six Months Ended June 30, 2022
(Dollars in Millions) Software Consulting Infrastructure Financing
Revenue $ 11,938 $ 9,637 $ 7,453 $ 300
Pre-tax Income/(Loss) from Continuing Operations $ 2,509 $ 691 $ 956 $ 186
Pre-tax Margin 21.0 % 7.2 % 12.8 % 62.0 %
Change YTY Revenue 9.2 % 11.5 % 8.8 % (28.0) %
Change YTY Revenue - constant currency 13.4 % 17.6 % 13.4 % (25.5) %
Six Months Ended June 30, 2021*
(Dollars in Millions) Software Consulting Infrastructure Financing
Revenue $ 10,933 $ 8,641 $ 6,853 $ 417
Pre-tax Income/(Loss) from Continuing Operations $ 1,717 $ 547 $ 780 $ 229
Pre-tax Margin 15.7 % 6.3 % 11.4 % 55.0 %
____________________
* Recast to conform with 2022 presentation.

 

INTERNATIONAL BUSINESS MACHINES CORPORATION U.S. GAAP TO OPERATING (Non-GAAP) RESULTS RECONCILIATION (Unaudited; Dollars in millions except per share amounts)
Three Months Ended June 30, 2022
Continuing Operations
Acquisition- Retirement- Tax Kyndryl-
Related Related Reform Related Operating
GAAP Adjustments Adjustments Impacts Impacts (Non-GAAP)
Gross Profit $ 8,290 $ 180 $ $ $ $ 8,470
Gross Profit Margin 53.4 % 1.2  pts.    pts.    pts.    pts.   54.5 %
S,G&A $ 4,855 $ (279) $ $ $ (0) $ 4,576
Other (Income) & Expense (81) (1) (192) (145) (418)
Total Expense & Other (Income) 6,568 (280) (192) (145) 5,952
Pre-tax Income from Continuing 1,722 460 192 145 2,518
Pre-tax Income Margin from 11.1 % 3.0  pts.   1.2  pts.    pts.   0.9  pts.   16.2 %
Provision for/(Benefit from) Income $ 257 $ 115 $ 46 $ (4) $ $ 413
Effective Tax Rate 14.9 % 1.8  pts.   0.7  pts.   (0.2)  pts.   (0.9)  pts.   16.4 %
Income from Continuing Operations $ 1,465 $ 345 $ 146 $ 4 $ 145 $ 2,105
Income Margin from Continuing 9.4 % 2.2  pts.   0.9  pts.   0.0  pts.   0.9  pts.   13.5 %
Diluted Earnings/(Loss) Per Share: $ 1.61 $ 0.38 $ 0.16 $ 0.00 $ 0.16 $ 2.31
Three Months Ended June 30, 2021
Continuing Operations
Acquisition- Retirement- Tax Kyndryl-
Related Related Reform Related Operating
GAAP Adjustments Adjustments Impacts Impacts (Non-GAAP)
Gross Profit $ 7,852 $ 179 $ $ $ $ 8,031
Gross Profit Margin 55.2 % 1.3  pts.    pts.    pts.    pts.   56.5 %
S,G&A $ 4,849 $ (294) $ $ $ $ 4,555
Other (Income) & Expense 302 (1) (317) (16)
Total Expense & Other (Income) 6,940 (294) (317) 6,329
Pre-tax Income/(Loss) from Continuing 912 474 317 1,702
Pre-tax Income Margin from 6.4 % 3.3  pts.   2.2  pts.    pts.    pts.   12.0 %
Provision for/(Benefit from) Income $ 101 $ 105 $ 53 $ (14) $ $ 246
Effective Tax Rate 11.1 % 3.1  pts.   1.0  pts.   (0.8)  pts.    pts.   14.5 %
Income from Continuing Operations $ 810 $ 368 $ 264 $ 14 $ $ 1,456
Income Margin from Continuing 5.7 % 2.6  pts.   1.9  pts.   0.1  pts.    pts.   10.2 %
Diluted Earnings/(Loss) Per Share: $ 0.90 $ 0.41 $ 0.29 $ 0.01 $ $ 1.61
____________________
(1)  Includes amortization of purchased intangible assets, in process R&D, transaction costs, applicable restructuring and related expenses, tax charges related to acquisition
(2)  Includes amortization of prior service costs, interest cost, expected return on plan assets, amortized actuarial gains/losses, the impacts of any plan curtailments/
(3)  Primarily relates to the fair value changes in the retained Kyndryl common stock and the related cash-settled swap.
(4)  Tax impact on operating (non-GAAP) pre-tax income from continuing operations is calculated under the same accounting principles applied to the As Reported pre-tax

 

INTERNATIONAL BUSINESS MACHINES CORPORATION U.S. GAAP TO OPERATING (Non-GAAP) RESULTS RECONCILIATION (Unaudited; Dollars in millions except per share amounts)
Six Months Ended June 30, 2022
Continuing Operations
Acquisition- Retirement- Tax Kyndryl-
Related Related Reform Related Operating
GAAP Adjustments Adjustments Impacts Impacts (Non-GAAP)
Gross Profit $ 15,625 $ 361 $ $ $ $ 15,986
Gross Profit Margin 52.6 % 1.2  pts.    pts.    pts.    pts.   53.8 %
S,G&A $ 9,452 $ (565) $ $ $ (0) $ 8,887
Other (Income) & Expense 166 (1) (394) (367) (596)
Total Expense & Other (Income) 13,280 (566) (394) (367) 11,953
Pre-tax Income from Continuing 2,345 928 394 367 4,033
Pre-tax Income Margin from 7.9 % 3.1  pts.   1.3  pts.    pts.   1.2  pts.   13.6 %
Provision for/(Benefit from) Income $ 218 $ 224 $ 104 $ 112 $ $ 657
Effective Tax Rate 9.3 % 3.4  pts.   1.7  pts.   2.8  pts.   (0.8)  pts.   16.3 %
Income from Continuing Operations $ 2,127 $ 704 $ 290 $ (112) $ 367 $ 3,376
Income Margin from Continuing 7.2 % 2.4  pts.   1.0  pts.   (0.4)  pts.   1.2  pts.   11.4 %
Diluted Earnings/(Loss) Per Share: $ 2.34 $ 0.77 $ 0.32 $ (0.12) $ 0.40 $ 3.71
Six Months Ended June 30, 2021
Continuing Operations
Acquisition- Retirement- Tax Kyndryl-
Related Related Reform Related Operating
GAAP Adjustments Adjustments Impacts Impacts (Non-GAAP)
Gross Profit $ 14,879 $ 353 $ $ $ $ 15,232
Gross Profit Margin 54.3 % 1.3  pts.    pts.    pts.    pts.   55.6 %
S,G&A $ 9,536 $ (582) $ $ $ $ 8,954
Other (Income) & Expense 647 (1) (649) (3)
Total Expense & Other (Income) 13,724 (583) (649) 12,491
Pre-tax Income from Continuing 1,155 936 649 2,741
Pre-tax Income Margin from 4.2 % 3.4  pts.   2.4  pts.    pts.    pts.   10.0 %
Provision for/(Benefit from) Income $ (58) $ 238 $ 86 $ 6 $ $ 272
Effective Tax Rate (5.0) % 10.4  pts.   4.3  pts.   0.2  pts.    pts.   9.9 %
Income from Continuing Operations $ 1,213 $ 699 $ 563 $ (6) $ $ 2,469
Income Margin from Continuing 4.4 % 2.5  pts.   2.1  pts.   (0.0)  pts.    pts.   9.0 %
Diluted Earnings/(Loss) Per Share: $ 1.34 $ 0.77 $ 0.62 $ (0.01) $ $ 2.73
____________________
(1)  Includes amortization of purchased intangible assets, in process R&D, transaction costs, applicable restructuring and related expenses, tax charges related
(2)  Includes amortization of prior service costs, interest cost, expected return on plan assets, amortized actuarial gains/losses, the impacts of any plan
(3)  Primarily relates to the fair value changes in the retained Kyndryl common stock and the related cash-settled swap.
(4)  Tax impact on operating (non-GAAP) pre-tax income from continuing operations is calculated under the same accounting principles applied to the As

 

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/ibm-releases-second-quarter-results-301588504.html

SOURCE IBM

Mon, 18 Jul 2022 08:10:00 -0500 en text/html https://markets.businessinsider.com/news/stocks/ibm-releases-second-quarter-results-1031594969
Killexams : Applied AI with DeepLearning No result found, try new keyword!Once enrolled you can access the license in the Resources area <<< This course, Applied Artificial Intelligence with DeepLearning, is part of the IBM Advanced ... about the fundamentals of Linear ... Sat, 12 Jun 2021 11:47:00 -0500 text/html https://www.usnews.com/education/skillbuilder/applied-ai-with-deeplearning-0_tE4j0qhMEeecqgpT6QjMdA Killexams : Embedded analytics emerges to offer new level of business intelligence

Business analytics is an increasingly powerful tool for organisations, but one that is associated with steep learning curves and significant investments in infrastructure.

The idea of using data to drive better decision-making is well established. But the conventional approach – centred around reporting and analysis tools – relies on specialist applications and highly trained staff. Often, firms find they have to build teams of data scientists to gather the data and manage the tools, and to build queries.

This creates bottlenecks in the flow of information, as business units rely on specialist teams to interrogate the data, and to report back. Even though reporting tools have improved dramatically over the past decade, with a move from spreadsheets to visual dashboards, there is still too much distance between the data and the decision-makers.

Companies and organistions also face dealing with myriad data sources. A study from IDC found that close to four in five firms used more than 100 data sources and just under one-third had more than 1,000. Often, this data exists in silos.

As a result, suppliers have developed embedded analytics to bring users closer to the data and, hopefully, lead to faster and more accurate decision-making. Suppliers in the space include ThoughtSpot, Qlik and Tableau, but business intelligence (BI) and data stalwarts such as Informatica, SAS, IBM and Microsoft also have relevant capabilities.

Embedded analytics adds functionality into existing enterprise software and web applications. That way, users no longer need to swap into another application – typically a dashboard or even a BI tool itself – to look at data. Instead, analytics suppliers provide application programming interfaces (APIs) to link their tools to the host application.

Embedded analytics can be used to supply mobile and remote workers access to decision support information, and even potentially data, on the move. This goes beyond simple alerting tools: systems with embedded analytics built in allow users to see visualisations and to drill down into live data.

And the technology is even being used to provide context-aware information to consumers. Google, for example, uses analytics to present information about how busy a location or service will be, based on variables such as the time of day.

Indeed, some suppliers describe embedded analytics as a “Google for business” because it allows users to access data without technical know-how or an understanding of analytical queries.

“My definition generally is having analytics available in the system,” says Adam Mayer, technical product director at Qlik. “That’s not your dedicated kind of BI tool, but more to the point, I think it’s when you don’t realise that you’re analysing data. It’s just there.”

The trend towards embedding analytics into other applications or web services reflects the reality that there are many more people in enterprises who could benefit from the insights offered by BI than there are users of conventional BI systems.

Firms also want to Boost their return on investment in data collection and storage by giving more of the business access to the information they hold. And with the growth of machine learning and artificial intelligence (AI), some of the heavy lifting associated with querying data is being automated.

“What we are trying to do is supply non-technical users the ability to engage with data,” says Damien Brophy, VP for Europe, the Middle East and Africa (EMEA) at ThoughtSpot. “We’re bringing that consumer-like, Google-like experience to enterprise data. It is giving thousands of people access to data, as opposed to five or 10 analysts in the business who then produce content for the rest of the business.”

At one level, embedded analytics stands to replace static reports and potentially dashboards too, without the need to switch applications. That way, an HR or supply chain specialist can view and – to a degree – query data from within their HR or enterprise resource planning (ERP) system, for example.

A field service engineer could use an embedded analysis module within a maintenance application to run basic “what if” queries, to check whether it is better to replace a part now or carry out a minor repair and do a full replacement later.

Embedded analytics to help decision-making

Also, customer service agents are using embedded analytics to help with decision-making and to tailor offers to customers.

Embedded systems are designed to work with live data and even data streams, even where users do not need to drill down into the data. Enterprises are likely to use the same data to drive multiple analysis tools: the analytics, business development or finance teams will use their own tools to carry out complex queries, and a field service or customer service agent might need little more than a red or green traffic light on their screen.

“The basic idea is that every time your traditional reporting process finds the root cause of a business problem, you train your software, either by formal if-then-else rules or via machine learning, to alert you the next time a similar situation is about to arise,” says Duncan Jones, VP and principal analyst at Forrester.

“For instance, suppose you need to investigate suppliers that are late delivering important items. In the old approach, you would create reports about supplier performance, with on-time-delivery KPI and trends and you’d pore through it looking for poor performers.

“The new approach is to create that as a view within your home screen or dashboard, continually alerting you to the worst performers or rapidly deteriorating ones, and triggering a formal workflow for you to record the actions you’ve taken – such as to contact that supplier to find out what it is doing to fix its problems.”

This type of alerting helps businesses, because it speeds up the decision-making process by providing better access to data that the organisation already holds.

“It’s partly businesses’ need to move faster, to react more quickly to issues,” says Jones. “It’s also evolution of the technology to make embedded alert-up analytics easier to deliver.”

Embedded analytics suppliers are also taking advantage of the trend for businesses to store more of their data in the cloud, making it easier to link to multiple applications via APIs. Some are going a step further and offering analytical services too: a firm might no longer need expertise in BI, as the supplier can offer its own analytical capabilities.

Again, this could be via the cloud, but serving the results back to the users in their own application. And it could even go further by allowing different users to analyse data in their own workflow-native applications.

A “smart” medical device, such as an asthma inhaler, could provide an individual’s clinical data to their doctor, but anonymised and aggregated data to the manufacturer to allow them to plan drug manufacturing capacity better.

“Data now is changing so quickly, you really need intraday reporting,” says Lee Howells, an analytics specialist at PA Consulting. “If we can put that in on a portal and allow people to see it as it happened, or interact with it, they are then able to drill down on it.

“It’s putting that data where employees can use it and those employees can be anyone from the CEO to people on operations.”

But if the advantage of embedded analytics lies in its ability to tailor data to the users’ roles and day-to-day applications, it still relies on the fundamentals of robust BI systems.

Firms considering embedded analytics need to look at data quality, data protection and data governance.

They also need to pay attention to security and privacy: the central data warehouse or data lake might have robust security controls, but does the application connecting via an API? Client software embedding the data should have equal security levels.

Cleaner data is critical

And, although cleaning data is always important for effective analytics and business intelligence, it becomes all the more critical when the users are not data scientists. They need to know that they can trust the data, and if the data is imperfect or incomplete, this needs to be flagged.

A data scientist working on an analytics team will have an instinctive feel for data quality and reliability, and will understand that data need not be 100% complete to Boost decision-making. But a user in the field, or a senior manager, might not.

“Embedded analytics continues the democratisation of data, bringing data and insight directly to the business user within their natural workflow,” says Greg Hanson, VP for EMEA at Informatica.

“This fosters a culture of data-driven decision-making and can speed time to value. However, for CDOs [chief data officers] and CIOs, the crucial question must be: ‘is it accurate, is it trustworthy and can I rely on it?’ For embedded analytics programmes to be a success, organisations need confidence that the data fuelling them is from the right sources, is high quality and the lineage is understood.”

CDOs should also consider starting small and scaling up. The usefulness of real-time data will vary from workflow to workflow. Some suppliers’ APIs will integrate better with the host application than others. And users will need time to become comfortable making decisions based on the data they see, but also to develop a feel for when questions are better passed on to the analytics or data science team.

“Organisations, as part of their next step forward, have come to us with their cloud infrastructure or data lakes already in place, and they started to transform their data engineering into something that can be used,” says PA’s Howell. “Sometimes they put several small use cases in place as proof of concept and the proof of value. Some data isn’t as well used as it could be. I think that’s going to be a continually evolving capability.”

Mon, 11 Jul 2022 09:43:00 -0500 en text/html https://www.computerweekly.com/feature/Embedded-analytics-emerges-to-offer-new-level-of-business-intelligence
Killexams : Q2 Earnings Surprise in Cards for IBM: ETFs in Focus No result found, try new keyword!Being the world’s largest computer-services provider, it is worth taking a look at its fundamentals ahead of results. IBM has gained ... with the most up-to-date information possible — is ... Fri, 15 Jul 2022 04:38:00 -0500 text/html https://www.nasdaq.com/articles/q2-earnings-surprise-in-cards-for-ibm%3A-etfs-in-focus Killexams : Startups News No result found, try new keyword!Showcase your company news with guaranteed exposure both in print and online Ready to embrace the fast-paced future we’re all experiencing? Join us for tech… Outstanding Women in Business are ... Sun, 07 Aug 2022 12:41:00 -0500 text/html https://www.bizjournals.com/news/technology/startups Killexams : Master in Computer Science

Computer scientists impact society through their work in many areas. The advancement of technology has transformed the way and speed with which individuals work, communicate, and exchange information. As we now depend daily on the stability and reliability of our technology systems, there is a very strong demand for individuals with a background in computer science. Graduate level computer scientists are generally hired to work with the next generation of technology in areas such as computer systems, networking, database administration, operating systems, search engines, software engineering, and custom applications.

A variety of programming languages and software packages are used at the graduate level. Graduate students are expected to have the ability to immediately learn these languages and packages as needed for their programs. There are also many opportunities for independent study, projects, and research.

Integrated Bachelor of Science/Master of Science in Computer Science

An integrated baccalaureate and master’s degree program provides the opportunity for outstanding undergraduates to earn both degrees in five years. Typically, a baccalaureate degree requires four years to complete and a master’s degree requires an additional two years. However, the integrated degree programs are intended to be accomplished over a period of five years. In addition to earning both degrees a year early, the integrated programs may include additional opportunities to participate in a variety of experiential educational activities such as a master’s project or thesis.

View detailed integrated degree requirements for computer science.

Assistantship Opportunities

A limited number of teaching assistantships, which provide a monthly stipend and a tuition waiver, are available. Undergraduate and graduate grade point averages, scholarship records, recommendations, and a personal statement provide the criteria for awarding assistantships. Teaching Assistants must maintain a 3.0 GPA, exhibit satisfactory progress toward their degree, and satisfactorily perform their assigned duties in order to retain their assistantships.

Computer Facilities

At Western, you will have access to a large IBM mainframe and SUN computers. There are also large laboratories with the latest microcomputers available. Our access to microcomputers is as good as any university in the United States. It is our goal to supply you experience on a variety of computing equipment and the associated software so that you can judge which type of equipment is best suited for the problems you encounter during your working career.

Faculty Expertise

Department faculty have a variety of experiences, degrees, and research interests. The faculty have doctorates from such universities as Florida State University, Illinois Institute of Technology, Indian Institute of Science, Northwestern University, Southern Methodist University, SUNY Buffalo, University of Illinois, University of Iowa, and University of Western Ontario. Their current research interests are in the areas of artificial intelligence, computer architecture, databases, distributed processing, graphics, languages, networking, simulation, and software engineering.

Please refer to the graduate catalog for detailed program information and course requirements.

Computer Science (CS) Courses

CS 410G Operating Systems

Overview of the concepts/theory of operating systems with emphasis on process management, memory management, file management, scheduling, device management, and synchronization.

CS 412G Graphical User Interface Programming

Development of programs that use multiple windows, dialog boxes, mouse input, interapplication communication using API calls, object-oriented frameworks and application builders.

CS 420G Computer Communication and Networks

Survey of the operational features of telecommunications systems, computer networks, and distributed-processing systems. Considerations for the design of real-time systems.

CS 460G Artificial Intelligence Methods

An introduction to the main principles and methods of artificial intelligence. Solving problems by searching, knowledge and reasoning; machine learning; current AI applications. Programming paradigms relevant to AI will be explored.

CS 465G Computer Graphics

Introduction to computer-generation of graphs and pictures, using both character and pixel graphics methods, in two and three dimensions. Animation techniques, CAD methods.

CS 470G Database Systems

Survey of data models with emphasis on the relational model. Data normalization. Query languages and query optimization. Design and security considerations. Exposure to commercial database management systems.

CS 473G Computer Simulation

This class will introduce the science and art of computer based simulation. We will focus on discrete event simulation using the simulation languages ProModel and GPSSH. The class will focus on discrete event simulation, but will also cover Monte Carlos and continuous simulations. Scientific method and statistics will be used to develop, analyze, and report on a student developed simulation project.

CS 483G Microcomputer Systems with Database Applications

Covers command language, programming logic and applications of database systems for the non-computer science major.

CS 484G Network and Data Communications Concepts

Concepts and design of commercial computer and telecommunications networks. Course is designed for non‑majors, especially those who will manage/operate networks in business environments.

CS 488G Introduction to Programming with Visual Basic

Introduction to the principles of programming for Windows in Visual Basic. Principles include event-driven programming, control structures, properties, events, methods of controls, and forms.

CS 500 Intensive Programming Review

This course will review computer programming, object-oriented design, linear and non-linear data structures, and the software development lifecycle. All concepts will be reinforced through hands-on programming assignments and projects.

CS 512 Advanced Operating Systems

Topics chosen from the theory of distributed, parallel, and concurrent operating systems. Other possible courses include secure systems and formal models of operating systems.

CS 513 courses in Operating Systems

Topics to include additional depth, readings, and/or examination of research trends in operating systems.

CS 522 Advanced Database Design and Administration

Advanced relational database concepts. This course will examine courses such as relational database management system design (RDBMS), including discussion of the major components of a RDBMS; query optimization strategies and cost estimation techniques; active databases, advanced transaction processing; and concurrency control.

CS 523 courses in Database Systems

Topics to include additional depth, reading and/or examination of research trends in Database Systems.

CS 530 Design and Analysis of Algorithms

Fundamentals of the design and analysis of algorithms, space and time-complexity issues, dynamic programming, greedy algorithms, linear programming, NP-completeness, multithreaded algorithms, and applications.

CS 540 Computer Simulation

Statistical techniques used in computer simulations. Construction and verification of simulation models. Programming projects.

CS 548 Advanced Artificial Intelligence

The course will include courses from Expert Systems, Knowledge Engineering, Soft Computing, and other advanced topics.

CS 549 courses in Artificial Intelligence

Course covers modern trends in artificial intelligence.

CS 550 Workshop

Workshop

CS 556 Advanced Computer Networks

In depth studies of computer networks and the services built on top of them.

CS 557 courses in Computer Networks

Survey of computer networks covering current trends and advanced topics. Survey of research papers from classic literature through contemporary research.

CS 560 Computer Architecture

Study of computer architecture for large-scale and small-scale systems. Microprogramming concepts. Minicomputer and microcomputer design and applications, projects on small‑scale systems.

CS 561 Advanced Computer Architecture

Investigation of techniques to enhance system performance. courses may include compiler optimization, hardware optimization, branch prediction, speculation, exploitation of instructional-and loop-level parallelism, etc.

CS 562 courses in Computer Architecture

Advanced courses to include additional depth, readings, and/or examination of research trends in computer architecture.

CS 566 Advanced Computer Graphics

Study and programming of problems beyond the introductory level, such as real time computer graphics using modern programming languages and graphics development environments.

CS 567 courses in Computer Graphics

Designed to gain depth in computer graphics. Possible courses include the study of 3-D modeling for, and the development of, multi-user virtual worlds.

CS 575 Independent Study

An investigation of issues related to computer science not specifically covered in other courses.

CS 585 Software Engineering

Covers the design and implementation of large software applications through the study of team approaches and industrial standards.

CS 590 courses in Computer Science

This course is designed to supply students knowledge at the frontier of a rapidly changing technology. It is offered in the following areas: a) expert database systems; b) object-oriented programming; c) fundamentals of computer arithmetic; d) computing theory for software engineers; e) design of decision support systems; f) complexity; g) cybernetics; h) fuzzy logic; i) distributed computing. j) knowledge engineering; k) software maintenance; l) systems analysis.

CS 595 Graduate Computer Science Internship

A one-semester on-the-job experience in an industrial facility or research laboratory.

CS 599 Master's Project

Special software or hardware project work, in lieu of a thesis.

CS 600 Research

Research project for the MS Thesis

CS 601 Thesis

Thesis

Wed, 18 Nov 2015 03:30:00 -0600 en text/html http://www.wiu.edu/cbt/computer_science/graduate.php
Killexams : IBM RELEASES SECOND QUARTER RESULTS

Growth Across Key Segments Led by Hybrid Cloud Adoption; Solid Cash and Profit Generation

ARMONK, N.Y., July 18, 2022 /PRNewswire/ -- IBM (NYSE: IBM) today announced second-quarter 2022 earnings results.

IBM Corporation logo. (PRNewsfoto/IBM)

"In the quarter we delivered good revenue performance with balanced growth across our geographies, driven by client demand for our hybrid cloud and AI offerings. The IBM team executed our strategy well," said Arvind Krishna, IBM chairman and chief executive officer. "With our first half results, we continue to expect full-year revenue growth at the high end of our mid-single digit model."

Second-Quarter Highlights

  • Revenue
    - Revenue of $15.5 billion, up 9 percent, up 16 percent at constant currency (about 5 points from sales to Kyndryl)
    - Software revenue up 6 percent, up 12 percent at constant currency (about 7 points from sales to Kyndryl)
    - Consulting revenue up 10 percent, up 18 percent at constant currency
    - Infrastructure revenue up 19 percent, up 25 percent at constant currency (about 7 points from sales to Kyndryl)
    - Hybrid cloud revenue, over the last 12 months, of $21.7 billion, up 16 percent, up 19 percent at constant currency

  • Cash Flow
    - On a consolidated basis, year to date, net cash from operating activities of $4.6 billion; free cash flow of $3.3 billion

SECOND QUARTER 2022 INCOME STATEMENT SUMMARY

Pre-tax 

Gross

Pre-tax 

Income 

Net 

Diluted 

Revenue

Profit

Income

Margin

Income

EPS

GAAP from
Continuing
Operations

$

15.5B

$

8.3B

$

1.7B

11.1

%

$

1.5B

$

1.61

    Year/Year

9

%*

6

%

89

%

4.7

Pts

81

%

79

%

Operating
(Non-GAAP)

$

8.5B

$

2.5B

16.2

%

$

2.1B

$

2.31

    Year/Year

5

%

48

%

4.2

Pts

45

%

43

%

*16% at constant currency

"We are a faster-growing, focused, disciplined company with sound business fundamentals," said James Kavanaugh, IBM senior vice president and chief financial officer. "Our recurring revenue stream and solid cash generation position us well to continue to invest in R&amp;D, acquire new companies, and strengthen our talent in every part of the business, while also returning value to shareholders through our dividend."

Segment Results for Second Quarter

  • Software (includes Hybrid Platform &amp; Solutions, Transaction Processing)— revenues of $6.2 billion, up 6.4 percent, up 11.6 percent at constant currency (about 7 points from sales to Kyndryl):
    - Hybrid Platform &amp; Solutions up 4 percent, up 9 percent at constant currency (about 1.5 points from sales to Kyndryl):
       -- Red Hat up 12 percent, up 17 percent at constant currency
       -- Automation up 4 percent, up 8 percent at constant currency
       -- Data &amp; AI flat, up 4 percent at constant currency
       -- Security flat, up 5 percent at constant currency
    - Transaction Processing up 12 percent, up 19 percent at constant currency (about 22 points from sales to Kyndryl)
    - Software segment hybrid cloud revenue up 14 percent, up 18 percent at constant currency

  • Consulting (includes Business Transformation, Technology Consulting and Application Operations)— revenues of $4.8 billion, up 9.8 percent, up 17.8 percent at constant currency:
    - Business Transformation up 9 percent, up 16 percent at constant currency
    - Technology Consulting up 14 percent, up 23 percent at constant currency
    - Application Operations up 9 percent, up 17 percent at constant currency
    - Consulting segment hybrid cloud revenue up 20 percent, up 29 percent at constant currency

  • Infrastructure (includes Hybrid Infrastructure, Infrastructure Support)— revenues of $4.2 billion, up 19.0 percent, up 25.4 percent at constant currency (about 7 points from sales to Kyndryl):
    - Hybrid Infrastructure up 34 percent, up 41 percent at constant currency (about 7 points from sales to Kyndryl)
       -- IBM z Systems up 69 percent, up 77 percent at constant currency
       -- Distributed Infrastructure up 11 percent, up 17 percent at constant currency
    - Infrastructure Support down 2 percent, up 5 percent at constant currency (about 8 points from sales to Kyndryl)
    - Infrastructure segment hybrid cloud revenue up 24 percent, up 30 percent at constant currency

  • Financing (includes client and commercial financing)— revenues of $0.1 billion, down 29.9 percent, down 26.6 percent at constant currency

Cash Flow and Balance Sheet
On a consolidated basis, in the second quarter, the company generated net cash from operating activities of $1.3 billion or $2.6 billion excluding IBM Financing receivables. IBM's free cash flow was $2.1 billion. The company returned $1.5 billion to shareholders in dividends in the second quarter.

On a consolidated basis, for the first six months of the year, the company generated net cash from operating activities of $4.6 billion or $4.2 billion excluding IBM Financing receivables. IBM's free cash flow was $3.3 billion, which includes cash impacts from the company's structural actions initiated at the end of 2020.

IBM ended the second quarter with $7.8 billion of cash on hand (which includes marketable securities), up $0.2 billion from year-end 2021. Debt, including IBM Financing debt of $12.3 billion, totaled $50.3 billion, down $1.4 billion since the end of 2021.

Full-Year 2022 Expectations

  • Revenue growth: The company continues to expect constant currency revenue growth at the high end of its mid-single digit model. The company also expects an additional 3.5 point contribution from incremental sales to Kyndryl. At mid-July 2022 foreign exchange rates, currency is expected to be about a six-point headwind.

  • Free Cash Flow: The company now expects about $10 billion in consolidated free cash flow.

Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company's current assumptions regarding future business and financial performance. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including, but not limited to, the following: a downturn in economic environment and client spending budgets; a failure of the company's innovation initiatives; damage to the company's reputation; risks from investing in growth opportunities; failure of the company's intellectual property portfolio to prevent competitive offerings and the failure of the company to obtain necessary licenses; the company's ability to successfully manage acquisitions, alliances and dispositions, including integration challenges, failure to achieve objectives, the assumption of liabilities, and higher debt levels; fluctuations in financial results; impact of local legal, economic, political, health and other conditions; the company's failure to meet growth and productivity objectives; ineffective internal controls; the company's use of accounting estimates; impairment of the company's goodwill or amortizable intangible assets; the company's ability to attract and retain key employees and its reliance on critical skills; impacts of relationships with critical suppliers; product quality issues; impacts of business with government clients; reliance on third party distribution channels and ecosystems; cybersecurity and data privacy considerations; adverse effects related to climate change and environmental matters, tax matters; legal proceedings and investigatory risks; the company's pension plans; currency fluctuations and customer financing risks; impact of changes in market liquidity conditions and customer credit risk on receivables; potential failure of the separation of Kyndryl Holdings, Inc. to qualify for tax-free treatment; risk factors related to IBM securities; and other risks, uncertainties and factors discussed in the company's Form 10-Qs, Form 10-K and in the company's other filings with the U.S. Securities and Exchange Commission or in materials incorporated therein by reference. Any forward-looking statement in this release speaks only as of the date on which it is made. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements.

Presentation of Information in this Press Release
On November 3, 2021, IBM completed the separation of Kyndryl. Unless otherwise specified, results are presented on a continuing operations basis. All references to revenue impacts from sales to Kyndryl are incremental sales post-separation.

In an effort to provide investors with additional information regarding the company's results as determined by generally accepted accounting principles (GAAP), the company has also disclosed in this press release the following non-GAAP information, which management believes provides useful information to investors:

IBM results —

  • adjusting for currency (i.e., at constant currency);

  • presenting operating (non-GAAP) earnings per share amounts and related income statement items;

  • consolidated free cash flow;

  • consolidated cash from operating activities excluding IBM Financing receivables;

The rationale for management's use of these non-GAAP measures is included in Exhibit 99.2 in the Form 8‑K that includes this press release and is being submitted today to the SEC.

Conference Call and Webcast
IBM's regular quarterly earnings conference call is scheduled to begin at 5:00 p.m. EDT, today. The Webcast may be accessed via a link at https://www.ibm.com/investor/events/earnings-2q22. Presentation charts will be available shortly before the Webcast.

Financial Results Below (certain amounts may not add due to use of rounded numbers; percentages presented are calculated from the underlying whole-dollar amounts).

Contact:       IBM
                    Sarah Meron, 347 891 1770
                    sarah.meron@ibm.com 
    
                    Tim Davidson, 914 844 7847
                    tfdavids@us.ibm.com

INTERNATIONAL BUSINESS MACHINES CORPORATION

COMPARATIVE FINANCIAL RESULTS

(Unaudited; Dollars in millions except per share amounts)

Three Months Ended

Six Months Ended

June 30, 

June 30, 

2022

2021*

2022

2021*

REVENUE

Software

$

6,166

$

5,795

$

11,938

$

10,933

Consulting

4,809

4,378

9,637

8,641

Infrastructure

4,235

3,560

7,453

6,853

Financing

146

209

300

417

Other

180

277

404

561

TOTAL REVENUE

15,535

14,218

29,732

27,405

GROSS PROFIT

8,290

7,852

15,625

14,879

GROSS PROFIT MARGIN

Software

79.2

%

79.7

%

79.0

%

78.8

%

Consulting

24.2

%

27.6

%

24.3

%

27.7

%

Infrastructure

53.8

%

57.1

%

52.4

%

56.7

%

Financing

35.3

%

29.9

%

36.5

%

32.7

%

TOTAL GROSS PROFIT MARGIN

53.4

%

55.2

%

52.6

%

54.3

%

EXPENSE AND OTHER INCOME

S,G&amp;A

4,855

4,849

9,452

9,536

R,D&amp;E

1,673

1,641

3,352

3,257

Intellectual property and custom development income

(176)

(133)

(297)

(278)

Other (income) and expense

(81)

302

166

647

Interest expense

297

281

607

561

TOTAL EXPENSE AND OTHER INCOME

6,568

6,940

13,280

13,724

INCOME/(LOSS) FROM CONTINUING OPERATIONS

BEFORE INCOME TAXES

1,722

912

2,345

1,155

Pre-tax margin

11.1

%

6.4

%

7.9

%

4.2

%

Provision for/(Benefit from) income taxes

257

101

218

(58)

Effective tax rate

14.9

%

11.1

%

9.3

%

(5.0)

%

INCOME FROM CONTINUING OPERATIONS

$

1,465

$

810

$

2,127

$

1,213

DISCONTINUED OPERATIONS

Income/(Loss) from discontinued operations, net of taxes

(73)

515

(2)

1,067

NET INCOME

$

1,392

$

1,325

$

2,125

$

2,280

EARNINGS/(LOSS) PER SHARE OF COMMON STOCK

Assuming Dilution

Continuing Operations

$

1.61

$

0.90

$

2.34

$

1.34

Discontinued Operations

$

(0.08)

$

0.57

$

0.00

$

1.18

TOTAL

$

1.53

$

1.47

$

2.34

$

2.52

Mon, 18 Jul 2022 08:16:00 -0500 en-US text/html https://finance.yahoo.com/news/ibm-releases-second-quarter-results-200800129.html
Killexams : Q2 Earnings Surprise in Cards for IBM: ETFs in Focus

International Business Machines IBM is scheduled to report second-quarter 2022 results on Jul 18 after market close. Being the world’s largest computer-services provider, it is worth taking a look at its fundamentals ahead of results.

IBM has gained 10.2% over the past three months outperforming the industry, which has declined 2.4%. The positive trend is expected to continue as IBM saw increasing earnings estimates for the yet-to-be-reported quarter right before the earnings announcement (see: all the Technology ETFs here).

Given this, ETFs having the highest allocation to this this tech giant will be in focus. These funds — First Trust NASDAQ Technology Dividend Index Fund TDIV, Invesco Dow Jones Industrial Average Dividend ETF DJD, WBI Power Factor High Dividend ETF WBIY, Amplify Transformational Data Sharing ETF BLOK, and SPDR NYSE Technology ETF XNTK — could be potential movers if IBM surprises the market.

Inside Our Methodology

IBM has a Zacks Rank #3 (Hold) and an Earnings ESP of +0.22%. According to our methodology, the combination of a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

The stock has seen positive earnings estimate revision of a penny for the second quarter over the last seven days. Analysts increasing estimates right before earnings — with the most up-to-date information possible — is a good indicator for the stock. Its earnings track is also impressive, with the average four-quarter positive earnings surprise being 2.02%. However, the Zacks Consensus Estimate indicates a substantial earnings decline of 1.3% from the year-ago quarter and a revenue decline of 19.3%. The stock has a VGM Score of B and belongs to a bottom-ranked Zacks industry (bottom 24%).

The Zacks Consensus Estimate for the average target price is $148.30, with 50% of the analysts having a Strong Buy or a Buy rating ahead of earnings.

ETFs in Focus

First Trust NASDAQ Technology Dividend Index Fund (TDIV)

First Trust NASDAQ Technology Dividend Index Fund provides exposure to dividend payers within the technology sector by tracking the Nasdaq Technology Dividend Index. It charges 50 bps in annual fees and holds about 91 securities in its basket. Of these firms, IBM takes the top spot, making up 8.8% of the assets (read: Market-Beating Dividend ETFs of 1H).

First Trust NASDAQ Technology Dividend Index Fund has amassed $1.6 billion in its asset base while trading in a volume of around 160,000 shares per day.

Invesco Dow Jones Industrial Average Dividend ETF (DJD)

Invesco Dow Jones Industrial Average Dividend ETF offers exposure to dividend-paying companies included in the Dow Jones Industrial Average by their 12-month dividend yield over the prior 12 months. It holds 28 stocks in its basket, with IBM occupying the top position accounting for 8.9%.

Invesco Dow Jones Industrial Average Dividend ETF has managed assets worth $222.9 million while trading in a volume of 58,000 shares a day on average. It charges 7 bps in annual fees and has a Zacks ETF Rank #3 (Hold).

WBI Power Factor High Dividend ETF (WBIY)

WBI Power Factor High Dividend ETF offers exposure to quality stocks that have the highest dividend yield with a deep value bias and multi-factor fundamental analysis. It follows the Solactive Power Factor High Dividend Index, holding 51 stocks in the basket. IBM takes the top position with a 6.4% share in the basket.

WBI Power Factor High Dividend ETF has amassed $62.4 million in its asset base and charges 70 bps in annual fees. It trades in a lower volume of 6,000 shares a day, on average.

Amplify Transformational Data Sharing ETF (BLOK)

Amplify Transformational Data Sharing ETF is actively managed, providing investors global exposure to a basket of the leading companies engaged in the development and utilization of blockchain technologies. It holds a basket of 49 stocks, with IBM taking the top spot at 5.5% of the portfolio. American firms dominate about 77% of the portfolio, followed by Asia Pacific (16.7%).

Amplify Transformational Data Sharing ETF has AUM of $521.8 million in its asset base and trades in an average daily volume of 367,000 shares. BLOK has an expense ratio of 0.71%.

SPDR NYSE Technology ETF (XNTK)

SPDR NYSE Technology ETF provides exposure to 35 leading U.S.-listed technology-related companies by tracking the NYSE Technology Index. IBM occupies the top spot with 5.1% of assets. Semiconductors take the largest share at 25.6%, while Internet &amp; direct marketing retail, systems software and semiconductor equipment round off the next spots (read: Cathie Wood Sees a Fast Recovery in Tech ETFs: Is It Possible?).

SPDR NYSE Technology ETF has amassed $385.8 million and charges 35 bps in annual fees. It trades in an average daily volume of 16,000 shares and has a Zacks ETF Rank #2 (Buy).


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
International Business Machines Corporation (IBM) : Free Stock Analysis Report
 
Invesco Dow Jones Industrial Average Dividend ETF (DJD): ETF Research Reports
 
First Trust NASDAQ Technology Dividend ETF (TDIV): ETF Research Reports
 
WBI Power Factor High Dividend ETF (WBIY): ETF Research Reports
 
SPDR NYSE Technology ETF (XNTK): ETF Research Reports
 
Amplify Transformational Data Sharing ETF (BLOK): ETF Research Reports
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Fri, 15 Jul 2022 05:12:00 -0500 en-GB text/html https://uk.movies.yahoo.com/q2-earnings-surprise-cards-ibm-151503283.html
C9510-669 exam dump and training guide direct download
Training Exams List