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4-Traders Homepage  >  Equities  >  Nyse  >  International Business Machines Corp.    IBM

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International Business Machines : IBM opens fourth Sydney data center, operated by Digital Realty

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05/27/2017 | 01:05pm CEST

IBM has opened its fourth data center in Australia, offering cloud hosting on Bluemix as well as enterprise services such as IBM Blockchain and Watson, the companys AI platform.

Cognitive cloud?

The Eskine park facility, in Western Sydney, has a maximum IT load capacity of 6MW and will be run by colocation provider Digital Realty, as are the companys three other data centers, two of which are in Sydney and the other in Melbourne; in 2014, IBM invested AU$35million to bring its SoftLayer cloud services to the country.

The technology company offers bare metal, private and public virtual machines, which it claims are the only InfoSec Registered Assessors Program (IRAP) cloud services certified by the Australian Department of Defence.

Watson, IBMs cognitive computing system, combines speech recognition technology with data analytics. It was created for the sole purpose of winning TV panel show Jeopardy! (and successfully did so in 2011). It was commercialized as an analytics-as-a-service tool in 2014 and has since been widely adopted for business and research purposes.

Tony Armfield, IBMs Australia and New Zealand cloud VP, told IT news that more and more Australian organizations are tapping into the IBM cloud to gain a competitive edge in the cognitive era thanks to IBMs combination of industry expertise, cognitive solutions and a data-first approach.

IBMs cloud revenues rose by 35 percent in 2016 despite seeing an overall decrease in income for five consecutive years.The company has cloud data centers in 19 countries worldwide, and the latest will be the companys 55th.

IBMs strategy is to focus on building local data centers in country because we know our enterprise clients want to keep their data local whether thats for performance, security or flexibility, a company spokesperson told ARN.

(c) All rights are reserved for National Iraqi News Agency / NINA 2017 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 78 250 M
EBIT 2017 14 367 M
Net income 2017 11 361 M
Debt 2017 33 628 M
Yield 2017 3,80%
P/E ratio 2017 12,90
P/E ratio 2018 12,29
EV / Sales 2017 2,26x
EV / Sales 2018 2,28x
Capitalization 143 264 M
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Mean consensus HOLD
Number of Analysts 27
Average target price 164 $
Spread / Average Target 7,9%
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NameTitle
Virginia M. Rometty Chairman, President & Chief Executive Officer
James J. Kavanaugh Senior Vice President-Transformation & Operations
Martin J. Schroeter Chief Financial Officer & Senior Vice President
John E. Kelly Senior VP-Cognitive Solutions & Research
Martin Jetter SVP-Global Technology Services
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