(IBM) on Wednesday reported third-quarter net income of $1.74 billion.

Key segment results included Software revenue up 9%, Automation up 22%, Red Hat bookings growth at about 20% and revenue up 12%, Data up 7%, Transaction Processing down 3%, and Infrastructure up 15%.

IBM on Wednesday recorded a slowdown in growth in its key cloud software segment, overshadowing booming AI-driven demand for ...

The new mainframe, which is powered by chips specialized for AI applications, is being widely used by the financial industry, ...

According to IBM, DAT uses Storage Scale’s Asymmetric Data Replication technology to address input/output operations per second (IOPS) limitations, which can hinder real-time AI inference performance, ...

IBM announced that it has signed a definitive agreement to acquire Cognitus, a leading SAP S/4HANA services provider, with industry-specific, AI-powered solutions. Cognitus will bring mission-critical ...